Investors with a lot of money to spend have taken a bullish stance on Cameco CCJ.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCJ, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Cameco.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 42%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $771,361, and 10 are calls, for a total amount of $469,186.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $33.0 to $70.0 for Cameco during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Cameco options trades today is 3301.75 with a total volume of 9,969.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cameco's big money trades within a strike price range of $33.0 to $70.0 over the last 30 days.
Cameco Call and Put Volume: 30-Day Overview
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 | 11/15/24 | $2.38 | $2.05 | $2.25 | $50.00 | $224.3K | 4.2K | 1.0K |
| CCJ | PUT | TRADE | BULLISH | 11/22/24 | $3.6 | $3.5 | $3.5 | $52.00 | $105.0K | 42 | 300 |
| CCJ | CALL | SWEEP | BEARISH | 03/21/25 | $1.27 | $1.04 | $1.23 | $70.00 | $81.7K | 4.5K | 672 |
| CCJ | CALL | TRADE | BULLISH | 01/15/27 | $24.3 | $22.9 | $24.3 | $33.00 | $80.1K | 74 | 33 |
| CCJ | PUT | SWEEP | BULLISH | 11/15/24 | $1.52 | $1.19 | $1.32 | $48.00 | $79.9K | 680 | 612 |
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.
In light of the recent options history for Cameco, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Cameco
- With a volume of 2,688,836, the price of CCJ is down -2.76% at $51.05.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 3 days.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
