Cameco Options Trader Sees Stock Rallying This Much By Friday Expiration

Cameco Corp CCJ reported better-than-expected earnings and sales results for its fourth quarter.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Cameco traded at 3x average daily options volume on Thursday.

Don’t forget to check out our premarket coverage here.

There were buyers of 15,572 of the February 29.5-calls at an average price of 53 cents per contract, Khouw mentioned.

The traders expect Cameco’s stock rising at least 5% by February expiration.

CCJ Price Action: Shares of Cameco gained 4.4% to close at $28.52 on Thursday, and added 1% in the after-hours trading session.

Check This Out: Top 5 Energy Stocks That May Implode This Month

Photo via Shutterstock.

Posted In: Long IdeasNewsTop StoriesMarketsMediaTrading IdeasCNBCMike KhouwOptimize AdvisorsOptions Action
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...