Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Cameco Corporation Options Trade Update 22 June 2009 | Main | Uranium One Incorporated Dynastic Complications »

Cameco Corporation Options Trade Update

ccj chart 16 jun 09.JPG
Chart courtesy of

Just a quick note to update you on the progress of June 09 $25.00 PUTs that we purchased for $1.40 per contract (CCJRE) on Cameco Corporation (CCJ) recently.

Our assessment was that Cameco had ran ahead of itself and that a pull back is now imminent.

The trade started well when it closed up 40% the following day, however, Cameco’s stock price has since recovered resulting in the value of the PUTs dropping back to trade at $0.15 before climbing slightly to close on Friday at $0.45. These options expire on 20th June 2009 so we rapidly running out of time for the trade to work in our favour.

CCJ has recently turned down over the last two days and the technical indicators are heading south suggesting that the current rally could be over, so its fingers crossed that it falls further in the next few days and presents us with an opportunity to exit this trade.

Options are extremely volatile so please limit the amount of cash that you place into this sort of trade as you could lose it all if it goes wrong.

Cameco Corporation has a market capitalization of $10.13 billion, a 52 week high of C$43.60 and a 52 week low of C$11.78, average turnover is was 3.18 million shares and trades and closed yesterday at $25.82. Cameco trades as CCO on the Toronto Stock Exchange and as CCJ on the New York Stock Exchange.

Have a good one.

For those readers who are new to this site and are interested in the nuclear power sector that is currently coming back to life, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>