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 positions 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.
Today, Benzinga's options scanner spotted 15 options trades for Cameco.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 20%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,000, and 14, calls, for a total amount of $811,190.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $55.0 for Cameco over the last 3 months.
Analyzing Volume & Open Interest
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 $20.0 to $55.0 in the last 30 days.
Cameco Option Activity Analysis: Last 30 Days
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 | SWEEP | BULLISH | 02/21/25 | $2.99 | $2.93 | $2.99 | $55.00 | $133.6K | 7.4K | 846 |
| CCJ | CALL | SWEEP | BEARISH | 02/21/25 | $3.15 | $3.05 | $3.1 | $55.00 | $129.9K | 7.4K | 761 |
| CCJ | CALL | TRADE | BEARISH | 01/16/26 | $38.55 | $36.1 | $36.3 | $20.00 | $108.9K | 99 | 23 |
| CCJ | CALL | SWEEP | BULLISH | 02/21/25 | $3.15 | $3.1 | $3.15 | $55.00 | $60.4K | 7.4K | 342 |
| CCJ | CALL | SWEEP | BULLISH | 03/21/25 | $4.3 | $4.2 | $4.3 | $55.00 | $51.1K | 5.9K | 578 |
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.
Following our analysis of the options activities associated with Cameco, we pivot to a closer look at the company's own performance.
Where Is Cameco Standing Right Now?
- Currently trading with a volume of 1,841,642, the CCJ's price is up by 2.2%, now at $54.74.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 29 days.
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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.
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