Cameco Attracts Bullish Bets From Options Traders Ahead Of Earnings
Portfolio Pulse from Lisa Levin
Cameco Corporation (NYSE:CCJ) is expected to report quarterly earnings on Aug. 2. Options traders are showing bullish sentiment, with calls outpacing puts by around 5 to 1. The options market is implying a move of around +/-5.2% by the end of the week. Analysts expect the company to report quarterly earnings at 10 cents per share on revenue of $355.27 million.
August 04, 2023 | 11:21 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bullish sentiment from options traders could potentially drive up the price of Cameco Corporation's stock in the short term. The market is implying a move of around +/-5.2% by the end of the week.
The bullish sentiment from options traders, as evidenced by calls outpacing puts by around 5 to 1, indicates a positive outlook for Cameco Corporation's stock. This could potentially drive up the price in the short term. Additionally, the market is implying a move of around +/-5.2% by the end of the week, which further suggests potential volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100