Looking At Cameco's Recent Unusual Options Activity

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 8 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $320,275 and 3, calls, for a total amount of $563,350.

Latest Startup Investment Opportunities:

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.0 to $45.0 for Cameco over the last 3 months.

Insights into Volume & Open Interest

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 $37.0 to $45.0 in the last 30 days.

Cameco Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CCJ CALL SWEEP BULLISH 08/16/24 $2.53 $2.02 $2.33 $37.00 $335.7K 2.3K 2.0K
CCJ CALL SWEEP BEARISH 08/16/24 $2.36 $1.96 $2.36 $37.00 $132.6K 2.3K 584
CCJ CALL TRADE BEARISH 01/16/26 $9.55 $9.5 $9.5 $40.00 $95.0K 1.4K 100
CCJ PUT SWEEP NEUTRAL 12/20/24 $4.65 $4.6 $4.65 $41.00 $75.5K 2.1K 537
CCJ PUT SWEEP BULLISH 01/17/25 $3.4 $3.35 $3.4 $37.00 $70.7K 2.3K 35

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.

Where Is Cameco Standing Right Now?

  • With a volume of 4,011,592, the price of CCJ is down -1.16% at $39.09.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 78 days.

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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CCJCameco Corp
$61.712.80%

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