Check Out What Whales Are Doing With CCJ

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 9 uncommon options trades for Cameco.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 44%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $119,119, and 6 are calls, for a total amount of $272,984.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $41.0 to $85.0 for Cameco during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Cameco's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cameco's whale activity within a strike price range from $41.0 to $85.0 in the last 30 days.

Cameco 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Cameco

Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. It has three reportable segments, Uranium, Fuel Services, and Westinghouse. It derives maximum revenue from the Westinghouse Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre, and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia, and the United States.

Cameco's Current Market Status

• Trading volume stands at 1,477,771, with CCJ's price up by 2.31%, positioned at $45.56.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 36 days.

What The Experts Say On Cameco

In the last month, 2 experts released ratings on this stock with an average target price of $82.84.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from GLJ Research has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $75. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $90.

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.