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Cameco Options Trader Sees Stock Rallying This Much By Friday Expiration

Published 10/02/2023, 13:31
Updated 10/02/2023, 14:40
© Reuters.  Cameco Options Trader Sees Stock Rallying This Much By Friday Expiration
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Benzinga - Cameco Corp (NYSE: CCJ) reported better-than-expected earnings and sales results for its fourth quarter.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Cameco traded at 3x average daily options volume on Thursday.

Don’t forget to check out our premarket coverage here.

There were buyers of 15,572 of the February 29.5-calls at an average price of 53 cents per contract, Khouw mentioned.

The traders expect Cameco’s stock rising at least 5% by February expiration.

CCJ Price Action: Shares of Cameco gained 4.4% to close at $28.52 on Thursday, and added 1% in the after-hours trading session.

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Photo via Shutterstock.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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