Bearish flow noted in Cameco (CCJ) with 27,206 puts trading, or 13x expected. Most active are 2/14 weekly 43 puts and Mar-25 48 puts, with total volume in those strikes near 16,000 contracts. The Put/Call Ratio is 22.26, while ATM IV is up over 1 point on the day. Earnings are expected on February 20th.
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