Deep-pocketed investors have adopted a bearish 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 11 extraordinary options activities for Cameco. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 2 are puts, totaling $67,575, and 9 are calls, amounting to $398,063.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $41.0 and $70.0 for Cameco, spanning the last three months.
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 $41.0 to $70.0 in the last 30 days.
Cameco Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCJ | CALL | SWEEP | BEARISH | 02/21/25 | $3.1 | $2.96 | $2.96 | $49.00 | $74.0K | 1.1K | 525 |
| CCJ | CALL | SWEEP | BEARISH | 02/21/25 | $2.99 | $2.86 | $2.86 | $49.00 | $71.5K | 1.1K | 270 |
| CCJ | CALL | TRADE | BEARISH | 01/16/26 | $3.6 | $3.55 | $3.55 | $70.00 | $52.1K | 3.2K | 209 |
| CCJ | CALL | SWEEP | BEARISH | 02/21/25 | $2.04 | $1.95 | $1.95 | $51.00 | $39.0K | 719 | 302 |
| CCJ | CALL | SWEEP | BULLISH | 02/07/25 | $1.54 | $1.51 | $1.54 | $50.00 | $38.3K | 969 | 864 |
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
- Currently trading with a volume of 3,500,121, the CCJ's price is up by 2.96%, now at $50.04.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 22 days.
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.
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.
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