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Energy Bulls Still Looking for Oil Sands Breakout: Options Recap

Energy Bulls Still Looking for Oil Sands Breakout: Options Recap

Options traders are targeting an obscure Canadian energy stock as oil pushes to its highest level in over four months. Check out the surging call volume yesterday in Cenovus Energy (CVE), which extracts crude oil from the sands of Alberta province: Roughly 33,000...

Energy Bulls Target Obscure Canadian Firm: Options Recap

Energy Bulls Target Obscure Canadian Firm: Options Recap

Energy stocks are rallying this week, and one big investor is targeting an obscure Canadian producer. Roughly 83,000 March 9 calls were bought this morning in Cenovus Energy (CVE), which extracts oil from Alberta's tar sands. The big blocks priced for $0.27 and...