Bullish option flow detected in Cenovus Energy with 6,798 calls trading, 3x expected, and implied vol increasing over 1 point to 38.67%. Jan-24 25 calls and Nov-23 22 calls are the most active options, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 0.06. Earnings are expected on November 2nd.
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Read More on CVE:
- Cenovus Energy price target raised to C$32 from C$31 at CIBC
- Cenovus Energy price target raised to C$31 from C$30 at Scotiabank
- Cenovus Energy price target raised to C$37 from C$31 at National Bank
- Cenovus Energy call volume above normal and directionally bullish
- Cenovus Energy management to meet with Desjardins