CCJCameco Corporation
Options Analysis Report
Market Cap $45.9B|NYSE
● 2026-06-09$105.44
NEUTRAL
Analysis: 2026-06-08 EOD data
1Y +57.6%YTD +7.0%7D -12.5%
Options Vol
17,664
30D
Implied Move
±16.8%
IV Rank
49%
CCJ Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 77.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.06x — IV premium over HV
Sector Relative≤50%
Sector percentile 72% — above sector median
Term Structure
<1.1xFront/Back 1.22x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 60.3% — normal range
Spread-Adjusted Value
<80%Effective IV 79.7% (ATM 60.3% + spread 9.7% + bias) — fair
Execution Efficiency
<3.0%Total drag 14.05% (spread 9.72% + slippage 4.33%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.03 (vega 6.829 / spread 9.72%) — efficient
Sentiment
Bullish or bearish?
5.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +58%, Raw: +46%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +58% (strong bullish) — Raw: +46%
OI Skew Magnitude
≥15%|OI skew| 12.6% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -42.4%, OI skew -12.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -9%, ATM: +13%, OTM: +53% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 91% — very bearish vs sector
Activity
Unusual activity?
4.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 4.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +3.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 86% — very active vs sector
Trade Quality
≥30%Large trade volume 49% — institutional presence
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +58 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
4.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 9.7% — wide
Adequate OI
≥10,000OI 389,518 — deep
Active Volume
≥500Volume 17,664/day — active
Reasonable Cost
≤$0.50$0.49 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 83% — much wider than sector
Order Book Depth
≥100 contractsDepth 149.5 contracts (bid:98.9 ask:50.6) — adequate
Execution Quality
<1.0%Avg slippage 4.33% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +21.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 77% — seller opportunity
Event Detection
≥10pts kinkIV kink 12.9pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 32.02 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +58% @ 79% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 79 (ITM 20% + inst 49%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV fair, mixed flow
Long Puts5.1
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.5
bullishIV fair, mixed flow
Covered Call5.2
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.