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 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $118,135 and 7, calls, for a total amount of $424,700.
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 $40.0 and $55.0 for Cameco, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cameco's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cameco's substantial trades, within a strike price spectrum from $40.0 to $55.0 over the preceding 30 days.
Cameco 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | TRADE | NEUTRAL | 01/17/25 | $50.00 | $187.2K | 4.2K | 390 |
| CCJ | CALL | TRADE | NEUTRAL | 04/19/24 | $40.00 | $70.0K | 1.4K | 0 |
| CCJ | PUT | SWEEP | BULLISH | 01/17/25 | $45.00 | $55.8K | 3.9K | 142 |
| CCJ | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $46.2K | 3.2K | 133 |
| CCJ | PUT | SWEEP | BULLISH | 03/15/24 | $47.50 | $36.2K | 0 | 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.
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
Current Position of Cameco
- With a volume of 1,247,197, the price of CCJ is up 0.33% at $42.1.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 48 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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