Bearish flow noted in Cameco (CCJ) with 12,104 puts trading, or 2x expected. Most active are Apr-26 75 puts and Feb-26 90 calls, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 2.14, while ATM IV is up over 2 points on the day. Earnings are expected on April 30th.
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