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 19 trades.
If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 89% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $762,299 and 14, calls, for a total amount of $676,911.
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 $44.0 to $55.0 for Cameco over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cameco's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cameco's significant trades, within a strike price range of $44.0 to $55.0, over the past month.
Cameco Option Volume And Open Interest Over 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 | PUT | SWEEP | BEARISH | 05/17/24 | $0.62 | $0.42 | $0.56 | $49.00 | $577.0K | 10.9K | 10.1K |
| CCJ | CALL | SWEEP | BEARISH | 07/19/24 | $1.54 | $1.43 | $1.43 | $55.00 | $74.8K | 6.6K | 637 |
| CCJ | CALL | SWEEP | BEARISH | 06/21/24 | $0.93 | $0.9 | $0.9 | $55.00 | $72.2K | 19.9K | 4.7K |
| CCJ | CALL | SWEEP | BEARISH | 07/19/24 | $1.59 | $1.43 | $1.43 | $55.00 | $67.2K | 6.6K | 1.1K |
| CCJ | CALL | SWEEP | BULLISH | 08/16/24 | $5.75 | $5.65 | $5.75 | $48.00 | $58.0K | 28 | 251 |
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 1,866,211, the price of CCJ is down by -2.96%, reaching $49.41.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 79 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
