If you are using Workstation Pro, there should be an "Export to OVF" in the UI (which in turn invokes the ovftool).
Otherwise, this is the output of ps -ef | grep ovftool when I exported a VM from the UI from Workstation Pro 16.2.5. Tbe output vmdk was a compressed version of the original VMDK. It is probably best to use a different destination path for the OVF export from the source VM path.
/usr/lib/vmware/../vmware-ovftool/ovftool.bin --machineOutput --X:logFile=/tmp/vmware-me/ovftool.log --X:logLevel=verbose --exportFlags=extraconfig --allowExtraConfig /home/me/vmware/IE11-Win81-VMWare/IE11-Win81-VMWare.vmx /home/me/Documents/win8ovf/IE11-Win81-VMWare.ovf