Unpacking the Latest Options Trading Trends in Cameco

High-rolling investors have positioned themselves bearish on Cameco CCJ, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CCJ often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for Cameco. This is not a typical pattern.

The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $29,823, and 8 calls, totaling $585,671.

Latest Startup Investment Opportunities:

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 $35.0 and $50.0 for Cameco, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Cameco stands at 2354.12, with a total volume reaching 1,089.00. 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 $35.0 to $50.0, throughout the last 30 days.

Cameco 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CCJ CALL TRADE BEARISH 06/21/24 $45.00 $141.0K 8.4K 653
CCJ CALL TRADE NEUTRAL 01/17/25 $35.00 $108.6K 1.5K 180
CCJ CALL SWEEP BULLISH 06/21/24 $36.00 $89.0K 450 132
CCJ CALL SWEEP BULLISH 09/20/24 $35.00 $87.8K 278 1
CCJ CALL TRADE BULLISH 01/16/26 $37.00 $58.3K 530 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.

After a thorough review of the options trading surrounding Cameco, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Cameco Standing Right Now?

  • Trading volume stands at 1,674,294, with CCJ's price down by -0.63%, positioned at $40.9.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 41 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.

CCJ Logo
CCJCameco Corp
$59.880.34%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
60.79
Growth
95.28
Quality
Not Available
Value
21.14
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Comments
Loading...