Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 20,866 calls trading, 7x expected, and implied vol increasing over 1 point to 33.12%. Oct-24 18 calls and Dec-24 17 calls are the most active options, with total volume in those strikes near 19,700 contracts. The Put/Call Ratio is 0.04. Earnings are expected on November 7th.

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