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Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy (CVE) with 16,873 calls trading, 10x expected, and implied vol increasing over 2 points to 39.86%. Jul-25 14 calls and Sep-25 15 calls are the most active options, with total volume in those strikes near 15,700 contracts. The Put/Call Ratio is 0.00. Earnings are expected on July 31st.

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