Bullish option flow detected in Cenovus Energy with 5,343 calls trading, 3x expected, and implied vol increasing almost 2 points to 25.25%. Aug-24 22 calls and Jun-24 20 puts are the most active options, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 0.09. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVE:
- Cenovus Energy resumed with an Outperform at Raymond James
- Cenovus Energy price target raised to C$33 from C$32 at RBC Capital
- Cenovus Energy price target raised to C$32 from C$30 at TD Securities
- Cenovus Energy Shareholders Back New Directors and Plans
- Cenovus Energy Stock (NYSE:CVE): Why Caution Is Warranted