Whales with a lot of money to spend have taken a noticeably bullish stance on Cameco.
Looking at options history for Cameco CCJ we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $59,702 and 7, calls, for a total amount of $310,819.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $45.0 for Cameco over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cameco's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cameco's significant trades, within a strike price range of $35.0 to $45.0, over the past month.
Cameco Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | TRADE | NEUTRAL | 01/16/26 | $37.00 | $106.9K | 204 | 81 |
| CCJ | CALL | SWEEP | BULLISH | 09/20/24 | $40.00 | $64.6K | 153 | 117 |
| CCJ | PUT | TRADE | BULLISH | 04/19/24 | $42.00 | $33.9K | 756 | 3 |
| CCJ | CALL | SWEEP | BULLISH | 04/19/24 | $44.00 | $32.3K | 1.4K | 486 |
| CCJ | CALL | TRADE | NEUTRAL | 04/19/24 | $35.00 | $27.9K | 21 | 40 |
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.
Having examined the options trading patterns of Cameco, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Cameco Standing Right Now?
- With a volume of 1,011,495, the price of CCJ is up 1.0% at $41.27.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 51 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cameco, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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