Bullish option flow detected in Cenovus Energy with 20,049 calls trading, 16x expected, and implied vol increasing almost 2 points to 43.84%. Jun-23 22 calls and Oct-23 27 calls are the most active options, with total volume in those strikes near 18,900 contracts. The Put/Call Ratio is 0.02. Earnings are expected on April 26th.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CVE:
- Cenovus downgraded at Scotiabank on weaker-than-expected downstream results
- Cenovus Energy downgraded to Sector Perform from Outperform at Scotiabank
- Cenovus Energy price target lowered to C$28 from C$31 at Scotiabank
- 3 Best Stocks to Buy Now, 4/7/2023, According to Top Analysts
- 5 Best Oil Stocks to Invest in Now, According to Analysts – April 2023
