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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