Elevated Call Option Trading in Cameco (CCJ)

Posted in Options 
August 19th, 2009

We have seen some elevated call option activity in Cameco Corp. (NYSE: CCJ), Canada’s top nuclear and uranium play.  The SET-2009 CALLS have been active while the stock has not. So far we have 577,000 shares traded as of 11:15 AM EST and shares are up 0.5% at $28.25 vs. an average daily volume of about 2 million shares and a 52-week trading range of $11.78 to $30.83. While there is not fresh news, this does come on the heels of news that it has filed a shelf prospectus for an offering of up to C$1 billion of senior unsecured debentures.  Here is the SEPT-2009 CALL data:

Strike.. Volume.. Op.Int.
$30.00.. 5,000   12,979
$31.00.. 12             649
$32.00.. 270        1,917
$33.00.. 2,495    2,253

JON C. OGG
AUGUST 19, 2009

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