Notable Call Options Activity in Cenovus Energy

Shares of Cenovus Energy CVE are lower on the session by 1.19%, currently trading at $37.27. The stock has been moving largely lower over the past two weeks and is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $35 call, which has traded 4,000 times on open interest of 1,609 contracts. The Mar2012 $22.50 call also traded 1,100 times on 220 contracts. Calls are outpacing puts today by 192 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