Deep-pocketed investors have adopted a bullish approach towards Cameco CCJ, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CCJ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Cameco. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 69% leaning bullish and 23% bearish. Among these notable options, 4 are puts, totaling $140,975, and 9 are calls, amounting to $3,395,458.
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 $37.0 to $70.0 for Cameco during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $37.0 to $70.0 in 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 | CALL | TRADE | BULLISH | 12/20/24 | $5.8 | $5.7 | $5.8 | $50.00 | $2.9M | 136 | 15.1K |
| CCJ | CALL | SWEEP | BULLISH | 06/21/24 | $1.66 | $1.61 | $1.66 | $50.00 | $163.2K | 15.6K | 4.6K |
| CCJ | CALL | SWEEP | BULLISH | 06/21/24 | $2.57 | $2.56 | $2.56 | $48.00 | $58.1K | 489 | 1.3K |
| CCJ | CALL | SWEEP | BULLISH | 01/17/25 | $1.62 | $1.52 | $1.6 | $70.00 | $56.0K | 2.6K | 451 |
| CCJ | CALL | SWEEP | BULLISH | 01/17/25 | $2.38 | $2.29 | $2.37 | $65.00 | $53.8K | 12.9K | 36 |
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
Cameco's Current Market Status
- With a volume of 3,938,218, the price of CCJ is down -6.41% at $46.25.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Cameco
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $55.0.
- Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $55.
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.
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