Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 2,726 calls trading, 1.3x expected, and implied vol increasing almost 3 points to 42.26%. Mar-23 19 calls and Mar-23 20 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.25. Earnings are expected on April 27th.