Notable Call Options Activity in Cenovus Energy

Shares of Cenovus Energy

are lower on the session by 0.23%, currently trading at $39.05. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $40.00 call, which has traded 1,100 times on open interest of 2,084 contracts. Calls are outpacing puts today by 4 to 1. Cenovus Energy Inc., incorporated on September 24, 2008, is an oil company. The company's operations include oil sands properties and established crude oil and natural gas production in Alberta and Saskatchewan.