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Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 4,866 calls trading, 4x expected, and implied vol increasing over 1 point to 37.36%. Nov-23 21 calls and Oct-23 18 puts are the most active options, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 0.46. Earnings are expected on November 1st.

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