Cameco Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Cameco CCJ.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CCJ, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Cameco.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $35,100, and 10, calls, for a total amount of $757,309..

Get Started

Earn 7.2% — No Matter What the Fed Does

Markets expect rate cuts — but your earnings don’t have to suffer. Lock in 7.2% until 2028 from ten individual bonds.

Get Started

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $55.0 for Cameco over the last 3 months.

Volume & Open Interest Development

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 $20.0 to $55.0 in the last 30 days.

Cameco Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Cameco Standing Right Now?

• With a volume of 3,628,552, the price of CCJ is up 2.54% at $39.11.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 43 days.

What The Experts Say On Cameco:

• B of A Securities has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $59.
• Canaccord Genuity has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $56.
• GLJ Research has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $66.

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.