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Massive $1.2M Call Buyer Spotted in Cameco (CCJ)

by | Apr 20, 2022

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at energy name Cameco Corp. (NYSE: CCJ) as the company slid lower to start the week before recovering.

The Canada-based company is the world’s largest publicly traded uranium company and the world’s second largest uranium producer. 

Faced with an energy shortage due to supply disruptions caused by the Russia-Ukraine war, not to mention all of the sanctions against Russia, countries will increasingly turn to nuclear energy to fill the gap.

This should be good news for miners and producers like Cameco.

The company is due to report earnings before the market open on May 5, and one big-money trader was spotted dropping $1.26 million on the September 22, $28 calls.

And that’s just one of the trades hitting the tape from Wednesday’s incredible order flow…

    • Cameco Corp. (NYSE: CCJ): Sept. 22 $28 CALL.
    • Redfin Corp. (Nasdaq: RDFN): May 20 $14 CALL.
    • Vistra Corp. (NYSE: VST): May 20 $26 CALL. 

And to find out how I trade Shadow Blitzes like these as soon as I see them, check out my Weekly Blitz Alerts strategy!

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Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”  

But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”  

By doing this, we cash in whether the broader market is going up, down or sideways. 

The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell. 

If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!  

In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!

*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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