Financial giants have made a conspicuous bearish move on Cameco. Our analysis of options history for Cameco CCJ revealed 20 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $149,121, and 16 were calls, valued at $929,948.
Projected Price Targets
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 $70.0 for Cameco, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $35.0 to $70.0 in the last 30 days.
Cameco Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | SWEEP | BULLISH | 01/17/25 | $45.00 | $131.3K | 3.9K | 209 |
| CCJ | CALL | SWEEP | BEARISH | 01/17/25 | $50.00 | $89.6K | 5.1K | 115 |
| CCJ | CALL | SWEEP | BULLISH | 05/17/24 | $41.00 | $70.6K | 300 | 243 |
| CCJ | CALL | SWEEP | BEARISH | 01/16/26 | $40.00 | $67.7K | 922 | 50 |
| CCJ | CALL | SWEEP | BEARISH | 01/16/26 | $60.00 | $62.3K | 879 | 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.
Present Market Standing of Cameco
- With a volume of 2,502,328, the price of CCJ is up 0.51% at $43.41.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 36 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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