Bearish flow noted in Cameco (CCJ) with 13,804 puts trading, or 3x expected. Most active are Jan-26 70 puts and 11/28 weekly 90 calls, with total volume in those strikes near 12,600 contracts. The Put/Call Ratio is 1.72, while ATM IV is up over 1 point on the day. Earnings are expected on February 13th.
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