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Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 2,795 calls trading, 2x expected, and implied vol increasing over 1 point to 39.58%. Sep-23 19 calls and Jul-24 30 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.22. Earnings are expected on July 27th.

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