Cameco sees 942% surge in put option volume ahead of Q4 earnings
Traders purchased 28,210 Cameco put options on Feb. 5, a 942% increase over the 2,706 average daily volume, signaling elevated bearish bets. Cameco is set to report Q4 results on Feb. 13 with consensus EPS of $0.29, up 11.5% year over year, and estimates have risen 3.6% in 60 days.
1. Unusual Put Option Activity
On Feb. 5, traders bought 28,210 put options on Cameco, marking a 942% jump from the 2,706 average daily volume. This spike suggests investors are hedging against or speculating on a potential share price decline ahead of key earnings announcements.
2. Q4 Earnings Outlook
Cameco will release its fourth-quarter results on Feb. 13, with analysts projecting earnings of $0.29 per share, a year-over-year increase of 11.5%. Consensus estimates have been revised upward by 3.6% over the past 60 days, though the company’s trailing four-quarter average earnings surprise remains negative at 14.8%.