Bullish option flow detected in Cenovus Energy with 12,447 calls trading, 5x expected, and implied vol increasing over 1 point to 44.38%. Jun-23 22 calls and May-23 19 calls are the most active options, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 0.05. Earnings are expected on April 26th.
Published first on TheFly
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Read More on CVE:
- Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on April 26
- Unusually active option classes on open April 19th
- Cenovus Energy price target lowered to C$38 from C$39 at National Bank
- Cenovus Energy call volume above normal and directionally bullish
- Cenovus downgraded at Scotiabank on weaker-than-expected downstream results
