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Cameco call volume above normal and directionally bullish

Bullish option flow detected in Cameco with 10,929 calls trading, 5x expected, and implied vol increasing over 1 point to 47.45%. 7/12 weekly 51 calls and 7/12 weekly 52 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.51. Earnings are expected on July 31st.

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