Investors with a lot of money to spend have taken a bullish stance on Cameco CCJ.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCJ, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 15 uncommon options trades for Cameco.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $196,825, and 12 are calls, for a total amount of $613,107.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.0 and $60.0 for Cameco, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Cameco stands at 4405.67, with a total volume reaching 30,028.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cameco, situated within the strike price corridor from $37.0 to $60.0, throughout the last 30 days.
Cameco Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | TRADE | NEUTRAL | 03/15/24 | $38.00 | $93.0K | 637 | 300 |
| CCJ | PUT | TRADE | BULLISH | 04/19/24 | $40.00 | $91.8K | 417 | 525 |
| CCJ | CALL | SWEEP | BULLISH | 06/21/24 | $60.00 | $90.8K | 5.2K | 3.2K |
| CCJ | PUT | TRADE | BULLISH | 02/23/24 | $40.00 | $80.0K | 12.5K | 778 |
| CCJ | CALL | TRADE | BEARISH | 06/21/24 | $37.00 | $57.1K | 707 | 90 |
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.
In light of the recent options history for Cameco, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Cameco
- Trading volume stands at 3,920,089, with CCJ's price down by -0.58%, positioned at $40.81.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 63 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cameco with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
