Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 11,373 calls trading, 4x expected, and implied vol increasing over 1 point to 33.34%. Jan-24 16 calls and Jan-24 15 calls are the most active options, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 0.05. Earnings are expected on February 15th.

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