CCJ Cameco Corporation Options Ahead of Earnings

Jul 30, 2023

Analyzing the options chain and the chart patterns of CCJ Cameco Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2023-8-4,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Aug 2, 2023

Trade closed: target reached

CCJ traded at $35.23 ahead of earnings, and the calls went up from $0.95 (when I wrote this article) to about $1.40 for a partial exit on a 55% gain!