Cameco Option Alert: Jul 21 $37 Calls Sweep (13) above Ask!: 20011 @ $0.231 vs 2313 OI; Ref=$31.685
Portfolio Pulse from Charles Gross
Cameco (CCJ) experienced a significant option alert with 20,011 July 21 $37 calls being swept above the ask price at $0.231, compared to an open interest of 2,313. The stock's reference price is $31.685.
June 12, 2023 | 5:31 pm
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NEUTRAL IMPACT
Cameco's stock may experience short-term volatility due to the significant option alert of 20,011 July 21 $37 calls being swept above the ask price.
The large volume of call options being swept above the ask price indicates increased interest in Cameco's stock. This could lead to short-term volatility as traders react to the option activity. However, it is difficult to predict the exact direction of the stock price based on this information alone.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100