15000 CCJ Mar 10 calls over Mar 7 puts went up in 2 blocks on the AMEX marked spread ?along with 600000 CCJ shares.
Shares of Cameco Corp (CCJ) are down .13 to .58 today. CCJ is near the lower end of the 52 week range.
- Paper traded 15000 CCJ Mar 10 calls over Mar 7 puts for .10.?
- The ADV is 1748 contracts.?
- The OI is less than 800 contracts.
The volume went up in 2 blocks on the AMEX marked spread 600000 shares of CCJ went up as well so the trade could be a long delta (short put and long call) hedge aggressively with stock or as a stock replacement.? A big run in CCJ and this trade would win as would a drop back to the lows.
- IV 30 is trading for 32%.?
- HV10 is trading for 30%.?
- IV 30 is trading at the HV 10.
Cameco Corporation (Cameco) is a uranium producer. The Company is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries