Bearish flow noted in Cenovus Energy (CVE) with 6,402 puts trading, or 3x expected. Most active are Dec-25 15 puts and Sep-25 15 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 7.51, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVE:
- Cenovus Energy put volume heavy and directionally bearish
- Cenovus Energy to Acquire MEG Energy in $7.9 Billion Deal
- Cenovus Energy price target raised to C$29 from C$25 at Jefferies
- Cenovus Energy: Strong Market Position and Growth Potential Justify Buy Rating
- Cenovus Energy price target raised to C$27 from C$25 at UBS