Betting On Uranium: Cameco Options Traders See Stock Moving Higher By September
Portfolio Pulse from Lisa Levin
Cameco Corporation (NYSE:CCJ), a major uranium producer, saw its shares gain on Monday. Options traders expect the stock to rise at least 9% by September expiration, following a 73% Y/Y increase in first-quarter revenues and an 84% Y/Y increase in uranium revenues.

June 06, 2023 | 12:21 pm
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POSITIVE IMPACT
Cameco Corporation's stock is expected to rise at least 9% by September expiration, as options traders show confidence in the company's strong Q1 revenue growth.
Cameco Corporation's Q1 revenues rose 73% Y/Y, with uranium revenues increasing 84% Y/Y. This strong financial performance has attracted options traders, who are betting on the stock to rise at least 9% by September expiration. The high call volume and the 6:1 ratio of calls to puts indicate a bullish sentiment among traders, which could drive the stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100