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Uranium Stocks was created to give investors a diversified look at uranium shares, spot prices, options markets, ore and production, canadian reverses and any other relevant issues that may affect shares prices across the globe.
Cameco Options for June Contract
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Cameco Options for June Contract
With May options contracts expiring today (May 15th) I thought it would be interesting to look ahead to the upcoming June contracts in light on the recent Cameco share price gains.
After doing a quick scan of the soon to be front month June contracts we can see a bullish signal, as the open call interest is 20247 vs an open put interest of 14505. This creates a ratio of 1.395.
Today also shows an increased volume level on the call side, with 507 contracts changing hands at the 25 strike level. The 25 strike level is also exhibits the highest open interest on both the call side (4440 contracts) and the put side (2267).
Do option traders really have a leg up on the ‘regular joe’ or are they working with the same data set? I guess, at least in the short term, we’ll find out near the end of the June contracts, which are set to expire on June 19th.