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Cenovus Energy call volume above normal and directionally bullish

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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