Financial giants have made a conspicuous bullish move on Cameco. Our analysis of options history for Cameco CCJ revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $260,825, and 4 were calls, valued at $182,330.
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 $50.0 for Cameco over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cameco's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cameco's substantial trades, within a strike price spectrum from $37.0 to $50.0 over the preceding 30 days.
Cameco 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCJ | PUT | TRADE | BEARISH | 09/20/24 | $9.55 | $9.4 | $9.5 | $50.00 | $95.0K | 5.1K | 100 |
| CCJ | CALL | SWEEP | BULLISH | 08/23/24 | $0.65 | $0.59 | $0.63 | $42.00 | $62.0K | 848 | 1.9K |
| CCJ | PUT | SWEEP | BULLISH | 12/20/24 | $4.4 | $4.3 | $4.3 | $41.00 | $58.0K | 2.1K | 136 |
| CCJ | CALL | SWEEP | BULLISH | 08/23/24 | $0.73 | $0.69 | $0.69 | $41.50 | $55.9K | 106 | 1.6K |
| CCJ | PUT | SWEEP | NEUTRAL | 08/16/24 | $6.2 | $4.4 | $4.7 | $45.00 | $44.6K | 460 | 103 |
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.
Having examined the options trading patterns of Cameco, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Cameco Standing Right Now?
- Trading volume stands at 2,736,512, with CCJ's price down by -0.39%, positioned at $40.62.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 74 days.
Professional Analyst Ratings for Cameco
1 market experts have recently issued ratings for this stock, with a consensus target price of $63.73.
- An analyst from GLJ Research downgraded its action to Buy with a price target of $63.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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