Cameco call volume above normal and directionally bullish

Bullish option flow detected in Cameco (CCJ) with 16,732 calls trading, 1.5x expected, and implied vol increasing over 4 points to 42.25%. Jan-26 90 calls and Jun-25 70 calls are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.52. Earnings are expected on July 31st.