Investors with a lot of money to spend have taken a bearish 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 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $91,250, and 7 are calls, for a total amount of $305,104.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $48.0 and $75.0 for Cameco, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Cameco options trades today is 4348.8 with a total volume of 1,555.00.
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 $48.0 to $75.0 over the last 30 days.
Cameco 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | SWEEP | BULLISH | 09/20/24 | $7.3 | $7.2 | $7.3 | $48.00 | $83.9K | 10.9K | 1 |
| CCJ | CALL | TRADE | BULLISH | 07/19/24 | $1.5 | $1.46 | $1.5 | $55.00 | $75.0K | 6.2K | 544 |
| CCJ | PUT | SWEEP | BEARISH | 12/20/24 | $7.3 | $7.2 | $7.3 | $55.00 | $53.2K | 937 | 0 |
| CCJ | PUT | SWEEP | BEARISH | 12/20/24 | $7.3 | $7.2 | $7.3 | $55.00 | $37.9K | 937 | 0 |
| CCJ | CALL | SWEEP | BULLISH | 09/20/24 | $6.45 | $6.4 | $6.45 | $50.00 | $32.2K | 3.3K | 0 |
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.
After a thorough review of the options trading surrounding Cameco, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Cameco
- Currently trading with a volume of 514,696, the CCJ's price is up by 1.51%, now at $52.06.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 43 days.
What The Experts Say On Cameco
In the last month, 1 experts released ratings on this stock with an average target price of $62.0.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Cameco, targeting a price of $62.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cameco options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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