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Cameco call volume above normal and directionally bullish

Bullish option flow detected in Cameco with 25,891 calls trading, 1.3x expected, and implied vol increasing over 1 point to 39.57%. 5/24 weekly 54 calls and Jun-24 55 calls are the most active options, with total volume in those strikes near 12,800 contracts. The Put/Call Ratio is 0.21. Earnings are expected on July 31st.

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