We have seen some elevated call option activity in Cameco Corp. (NYSE: CCJ), Canada’s crowning nuclear and metal 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 most 2 meg shares and a 52-week trading range of $11.78 to $30.83. While there is not firm news, this does come on the heels of news that it has filed a shelf catalogue for an substance of up to C$1 billion of senior unsecured debentures. Here is the SEPT-2009 CALL data:
Strike.. Volume.. Op.Int.
$30.00.. 5,000Â Â 12,979
$31.00.. 12Â Â Â Â Â Â Â Â Â 649
$32.00.. 270Â Â Â Â Â 1,917
$33.00.. 2,495Â Â Â 2,253
JON C. OGG
AUGUST 19, 2009
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