High-rolling investors have positioned themselves bullish 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 18 options trades for Cameco. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $34,920, and 17 calls, totaling $804,719.
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 $28.0 and $56.0 for Cameco, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Cameco options trades today is 4114.73 with a total volume of 8,757.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cameco's big money trades within a strike price range of $28.0 to $56.0 over the last 30 days.
Cameco 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | TRADE | BEARISH | 04/19/24 | $5.05 | $4.9 | $4.94 | $45.00 | $133.3K | 22.9K | 388 |
| CCJ | CALL | TRADE | BEARISH | 09/20/24 | $7.55 | $7.5 | $7.5 | $48.00 | $75.0K | 11.7K | 224 |
| CCJ | CALL | TRADE | BEARISH | 04/19/24 | $15.15 | $14.95 | $15.0 | $35.00 | $75.0K | 67 | 0 |
| CCJ | CALL | SWEEP | BULLISH | 05/17/24 | $4.45 | $4.4 | $4.45 | $48.00 | $72.5K | 447 | 188 |
| CCJ | CALL | SWEEP | BULLISH | 06/21/24 | $4.1 | $4.05 | $4.1 | $50.00 | $61.9K | 12.7K | 7 |
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.
Following our analysis of the options activities associated with Cameco, we pivot to a closer look at the company's own performance.
Present Market Standing of Cameco
- Trading volume stands at 3,304,947, with CCJ's price up by 1.84%, positioned at $49.25.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 25 days.
What Analysts Are Saying About Cameco
1 market experts have recently issued ratings for this stock, with a consensus target price of $55.0.
- In a cautious move, an analyst from Goldman Sachs downgraded its rating to Buy, setting a price target of $55.
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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