Financial giants have made a conspicuous bearish move on Cameco. Our analysis of options history for Cameco CCJ revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $242,366, and 7 were calls, valued at $351,516.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $55.0 for Cameco over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Cameco's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cameco's whale trades within a strike price range from $40.0 to $55.0 in the last 30 days.
Cameco Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $149.9K | 3.0K | 442 |
| CCJ | PUT | TRADE | NEUTRAL | 03/15/24 | $40.00 | $118.8K | 18.1K | 17.3K |
| CCJ | PUT | SWEEP | BEARISH | 03/15/24 | $40.00 | $64.3K | 18.1K | 13.7K |
| CCJ | CALL | SWEEP | BULLISH | 01/16/26 | $40.00 | $47.3K | 290 | 70 |
| CCJ | CALL | TRADE | BULLISH | 01/16/26 | $40.00 | $35.4K | 290 | 0 |
About Cameco
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.
Following our analysis of the options activities associated with Cameco, we pivot to a closer look at the company's own performance.
Current Position of Cameco
- Trading volume stands at 3,962,826, with CCJ's price down by -1.31%, positioned at $43.07.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 73 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cameco options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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