Our Hot Money monitor just spotted a 400% increase in call options contracts purchased in Cenovus Energy Inc. (CVE), betting these will quickly soar higher.
Here's what I'm doing…
Buy-to-open the CVE July 16, 2021, $10/$11 call spread
At last glance, this spread is trading at $0.25 x $0.30.
Let’s manage our risk before entry and I’ll keep you updated every step of the way.