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Uranium Energy put volume heavy and directionally bearish

Bearish flow noted in Uranium Energy with 2,615 puts trading, or 8x expected. Most active are Sep-24 5 puts and Jan-25 5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 6.33, while ATM IV is up nearly 5 points on the day. Earnings are expected on September 26th.

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