Bullish option flow detected in Cameco with 69,682 calls trading, 3x expected, and implied vol increasing over 1 point to 33.83%. Oct-23 42 calls and Sep-23 40 calls are the most active options, with total volume in those strikes near 34,800 contracts. The Put/Call Ratio is 0.20. Earnings are expected on October 31st.
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Read More on CCJ:
- Cameco call volume above normal and directionally bullish
- Unusually active option classes on open September 5th
- Cameco price target raised to C$56 from C$49.50 at Canaccord
- Cameco price target raised to C$59 from C$50 at BofA
- Cameco downgraded to Hold at Cantor Fitzgerald after production guidance cut
