Bearish flow noted in Cameco (CCJ) with 8,301 puts trading, or 2x expected. Most active are Jul-25 55 puts and Jun-25 65 puts, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 2.22, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.
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