Bearish flow noted in Cameco (CCJ) with 20,148 puts trading, or 5x expected. Most active are Jan-26 70 puts and Jan-26 65 puts, with total volume in those strikes near 16,800 contracts. The Put/Call Ratio is 3.08, while ATM IV is up over 1 point on the day. Earnings are expected on February 13th.
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