Bearish flow noted in Cameco (CCJ) with 5,630 puts trading, or 1.8x expected. Most active are 9/12 weekly 65 puts and Sep-25 80 calls, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 2.00, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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