Cameco Options Trader Sees Stock Rallying This Much By Friday Expiration

Cameco Corp CCJ reported better-than-expected earnings and sales results for its fourth quarter.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Cameco traded at 3x average daily options volume on Thursday.

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There were buyers of 15,572 of the February 29.5-calls at an average price of 53 cents per contract, Khouw mentioned.

The traders expect Cameco’s stock rising at least 5% by February expiration.

CCJ Price Action: Shares of Cameco gained 4.4% to close at $28.52 on Thursday, and added 1% in the after-hours trading session.

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