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 10 extraordinary options activities for Cameco. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 3 are puts, totaling $539,288, and 7 are calls, amounting to $407,400.
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 $45.0 and $70.0 for Cameco, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $45.0 to $70.0 in the last 30 days.
Cameco Option Volume And Open Interest Over 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 | PUT | SWEEP | BULLISH | 02/28/25 | $2.18 | $1.86 | $1.93 | $46.00 | $484.2K | 119 | 2.5K |
| CCJ | CALL | TRADE | BULLISH | 03/21/25 | $0.33 | $0.29 | $0.32 | $65.00 | $160.0K | 10.3K | 19 |
| CCJ | CALL | SWEEP | BEARISH | 03/21/25 | $1.39 | $1.25 | $1.25 | $55.00 | $63.5K | 12.9K | 1.1K |
| CCJ | CALL | TRADE | BEARISH | 03/21/25 | $4.5 | $4.35 | $4.4 | $47.00 | $44.0K | 1.3K | 203 |
| CCJ | CALL | TRADE | BULLISH | 03/21/25 | $1.45 | $1.26 | $1.4 | $55.00 | $42.0K | 12.9K | 41 |
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
- Trading volume stands at 2,755,250, with CCJ's price down by -3.92%, positioned at $47.5.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 17 days.
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