Cameco Corp. (CCJ) announced new options for June 2027, offering investors potential for higher premiums due to the 353 days until expiration. Notably, a $100.00 strike put contract has a current bid of $16.35, effectively lowering the cost basis for purchasing shares to $83.65 if exercised. This represents an approximate 2% discount from the current trading price of $102.00, with a 65% chance of expiring worthless, potentially yielding a 16.35% return or 16.91% annualized.
On the call side, a $115.00 strike contract is priced at $18.30. If shares are purchased at $102.00 and the call is sold, the total return could reach 30.69% if called away by expiration. This strike is about 13% above the current price, with a 44% chance of expiring worthless, which could lead to an 18.55% annualized return on the premium. Implied volatility for the put is 55% and for the call is 57%, while the trailing twelve-month volatility is calculated at 54%.
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