Financial giants have made a conspicuous bullish move on Cameco. Our analysis of options history for Cameco CCJ revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $97,820, and 6 were calls, valued at $353,702.
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 $45.0 and $70.0 for Cameco, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Cameco stands at 5031.88, with a total volume reaching 708.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cameco, situated within the strike price corridor from $45.0 to $70.0, throughout 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 | 01/17/25 | $2.32 | $2.0 | $2.32 | $70.00 | $116.0K | 2.4K | 0 |
| CCJ | PUT | SWEEP | BULLISH | 09/20/24 | $9.0 | $8.9 | $8.9 | $55.00 | $69.4K | 73 | 0 |
| CCJ | CALL | SWEEP | BEARISH | 09/20/24 | $7.6 | $7.45 | $7.52 | $45.00 | $66.0K | 6.8K | 0 |
| CCJ | CALL | SWEEP | BULLISH | 06/21/24 | $2.14 | $2.12 | $2.14 | $50.00 | $59.9K | 18.3K | 387 |
| CCJ | CALL | SWEEP | BEARISH | 06/21/24 | $5.25 | $4.7 | $5.22 | $45.00 | $45.7K | 6.8K | 9 |
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.
Current Position of Cameco
- With a trading volume of 670,912, the price of CCJ is down by -1.34%, reaching $47.77.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 89 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cameco options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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