Bullish option flow detected in Cenovus Energy with 4,919 calls trading, 2x expected, and implied vol increasing almost 3 points to 38.83%. Nov-23 21 calls and Oct-23 17 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.13. Earnings are expected on November 2nd.
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>>
See the top stocks recommended by analysts >>
Read More on CVE:
- Cenovus Energy call volume above normal and directionally bullish
- Cenovus Energy management to meet with Desjardins
- Cenovus Energy announces pricing of tender offers for certain outstanding series of notes
- Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes
- Scotiabank upgrades Cenovus Energy on catalysts for more upside