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Cameco Corp (NYSE:CCJ) reported better-than-expected earnings and sales results for its fourth quarter.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Cameco traded at 3x average daily options volume on Thursday.
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There were buyers of 15,572 of the February 29.5-calls at an average price of 53 cents per contract, Khouw mentioned.
The traders expect Cameco’s stock rising at least 5% by February expiration.
CCJ Price Action: Shares of Cameco gained 4.4% to close at $28.52 on Thursday, and added 1% in the after-hours trading session.
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Photo via Shutterstock.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.