Financial giants have recently taken an intriguing bullish stance on Cameco. An examination of the options history for Cameco (CCJ) reveals 17 notable trades.
Upon delving into the particulars, it emerges that 58% of traders have adopted a bullish outlook, juxtaposed with 35% displaying bearish sentiment. Among the identified trades, 3 were puts, valued at $284,085, while 14 were calls, with a total value of $736,065.
Diving Deeper into the Details
With a keen eye on the trading activity, it becomes apparent that significant investors are aiming for a price range spanning from $40.0 to $58.0 for Cameco over the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest proves to be a crucial step in options trading. These metrics offer insights into the liquidity and investor engagement in Cameco’s options within specified strike price ranges. Let’s explore the fluctuation in volume and open interest for both calls and puts across a strike price spectrum from $40.0 to $58.0 over the past 30 days.
A Visual of Cameco’s Call and Put Volume: 30-Day Overview
Highlights of the Most Noteworthy Options
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCJ | PUT | SWEEP | BULLISH | 03/21/25 | $6.85 | $6.75 | $6.75 | $47.00 | $210.6K | 1 | 314 |
| CCJ | CALL | SWEEP | BEARISH | 08/02/24 | $0.31 | $0.25 | $0.28 | $47.00 | $109.1K | 1.2K | 14.9K |
| CCJ | CALL | TRADE | BEARISH | 03/21/25 | $9.05 | $8.8 | $8.9 | $40.00 | $89.0K | 28 | 0 |
| CCJ | CALL | SWEEP | BULLISH | 08/02/24 | $0.15 | $0.13 | $0.15 | $47.00 | $75.3K | 1.2K | 620 |
| CCJ | CALL | TRADE | BULLISH | 08/16/24 | $1.31 | $1.25 | $1.29 | $45.00 | $64.5K | 565 | 949 |
Insights into Cameco
Cameco Corp plays a pivotal role as a provider of uranium essential for generating clean, reliable baseload electricity worldwide. It’s among the leading uranium producers with segments focusing on uranium, fuel services, and Westinghouse. The primary revenue stream is derived from the Uranium Segment. Notable projects in its portfolio include Millennium, Yeelirrie, Kintyre, and Exploration, operating across Canada, Kazakhstan, Germany, Australia, and the United States.
Following a comprehensive evaluation of the options trading activity related to Cameco, let’s shift our focus towards a detailed analysis of the company’s current market position and performance.
Cameco’s Current Market Status
- With a trading volume of 5,972,024, the price of CCJ has surged by 2.71% to reach $45.48.
- RSI indicators suggest that the underlying stock currently teeters between a neutral zone, avoiding extremes of overbought or oversold conditions.
- Anticipate the upcoming earnings report set to be unveiled in the immediate future.
Options trading presents a realm of heightened risks and potential rewards. Seasoned traders navigate these waters adeptly by enhancing their knowledge base, refining strategies, monitoring diverse indicators closely, and staying attuned to market dynamics. Keep abreast of real-time updates on the latest Cameco options trades through diligent vigilance or platforms like Benzinga Pro.