Whales with a lot of money to spend have taken a noticeably bearish stance on Cameco.
Looking at options history for Cameco CCJ we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $801,000 and 14, calls, for a total amount of $4,397,223.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $33.0 and $70.0 for Cameco, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $33.0 to $70.0 in 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 | SWEEP | NEUTRAL | 01/17/25 | $3.9 | $3.7 | $3.8 | $65.00 | $3.7M | 17.7K | 10.1K |
| CCJ | PUT | TRADE | BULLISH | 05/17/24 | $0.5 | $0.46 | $0.46 | $41.00 | $690.0K | 508 | 15.0K |
| CCJ | CALL | SWEEP | BULLISH | 09/20/24 | $11.15 | $11.05 | $11.15 | $43.00 | $118.1K | 183 | 106 |
| CCJ | CALL | SWEEP | BULLISH | 01/17/25 | $13.85 | $13.75 | $13.85 | $40.00 | $91.4K | 1.7K | 90 |
| CCJ | CALL | SWEEP | BEARISH | 01/17/25 | $3.0 | $3.0 | $3.0 | $70.00 | $81.6K | 2.3K | 254 |
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.
Cameco's Current Market Status
- Trading volume stands at 3,622,187, with CCJ's price down by -2.76%, positioned at $48.22.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 15 days.
What The Experts Say On Cameco
1 market experts have recently issued ratings for this stock, with a consensus target price of $55.0.
- An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $55.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cameco with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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