Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 2,772 calls trading, 1.4x expected, and implied vol increasing almost 3 points to 41.55%. Jan-24 17 calls and Feb-24 17 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.17. Earnings are expected on February 15th.

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