Credit: Shutterstock photoCameco Corp. ( CCJ ) is on the receiving end Tuesday of a big options bet. So far, 22,641 contracts of the June 16 call have changed hands, against open interest of 49 contracts. Pricing on today's trades indicates that these new contracts were opened from the buy side.
InvestorsKeyhole Trade Alert
IK-> The technicals for CCJ ($12.33 up $.22) are bullish with an upward trend. The stock has support around $11.90. Look at the Mar. 8/11 bull-put spread for a 20-cent credit. That's a 7.9% return and the stock has to fall by 10.8% to cause a problem. [InvestorsKeyhole, various news and data services]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
