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Cameco put volume heavy and directionally bearish
The Fly

Cameco put volume heavy and directionally bearish

Bearish flow noted in Cameco with 7,691 puts trading, or 1.2x expected. Most active are 8/23 weekly 37 puts and Aug-24 38 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 1.65, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 7th.

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