Bullish option flow detected in Cenovus Energy with 13,351 calls trading, 6x expected, and implied vol increasing over 1 point to 43.97%. Feb-24 15 calls and Feb-24 17 calls are the most active options, with total volume in those strikes near 11,600 contracts. The Put/Call Ratio is 0.03. Earnings are expected on February 15th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CVE:
- Cenovus Energy price target lowered to C$30 from C$32 at CIBC
- Cenovus Energy price target lowered to C$28 from C$31 at Scotiabank
- Cenovus Energy call volume above normal and directionally bullish
- Cenovus Energy price target lowered to C$29 from C$36 at National Bank
- 3 Best Stocks to Buy Now, 1/8/2024, According to Top Analysts