A Private Buywrite Fund focused on Uranium, Silver and Bitcoin Equities
Energy Fuels ($UUUU)
We are starting to see some green shoots in uranium equities like $UUUU. We are looking to see the MACD crossover next. We are looking to write the Feb $8’s tomorrow and buy more $UUUU, $DNN and $ANY with proceeds.
Sphere 3D ($ANY)
Bitcoin is showing some green shoots of its own. We will be looking to buy more $ANY here.
Energy Fuels ($UUUU)
Today we wrote some Feb 7’s and bought some $DNN Feb 1’s we had laying around, along with some $UUUU common and some $ANY common. Uranium is looking a bit better with RSI curling up and the MACD starting to converge a bit:
Sphere 3D ($ANY)
Today we wrote the Feb 4th 2’s – it was a nice 200%+ annualized play – however we’ll probably get busted this week 🤔 cause Bitcoin is looking good:
Metalla Royalty and Streaming ($MTA)
Today we wrote some Feb $7.50’s and bought some $MTA common. Silver is not looking great to be honest. Patience.
Energy Fuels ($UUUU) ☢️
Today we sold some February $7 paper and bought some common shares of $UUUU and paid a dividend with the proceeds. Energy Fuels is still looking weak:
so we will continue to write the Feb $7 paper until it can gain $6.50 – at which case we would start to write the Feb $8 paper – and if the common drops below $5.50 we will start to write the Feb $6 paper. On the flip side with the proceeds we will raise cash and possibly buy more longer dated calls / puts or common.
Sphere 3D Corp ($ANY)
Gotta love it when you write $2 weeklies and the stock ends the week @ $1.98. We’re gonna try to write these weeklies again on Monday. Hopefully we can write the $2’s – if it rockets we’ll see if we can get something for the $2.50’s. Right now the Feb 4 $2’s are selling for $0.13 – which would be a $0.13 x 52 = $6.76 annual return or a 341% return on today’s share price of $1.98.
Chart starting to look slightly better than absolute dumpster fire. Buy time? Bitcoin is a manic beast
Energy Fuels $uuuu
Today we wrote sone Feb 7s and bought some Feb 5s and some $dnn
Sphere 3d $any
We bought some more $any
Summary
Still full bear mode out there. Looking to sell more $uuuu 7s tomorrow
Energy Fuels $UUUU
$UUUU is still in a downtrend with some negative divergence. Today we sold some $8 February paper in the morning and bought some $UUUU March 6’s and exercised some $DNN Feb $1’s and bought some $ANY with proceeds.
Denison Mines $DNN
More of the same – adding to share count with some Feb $1s bought last month.
Uranium Royalty Corp $UROY
See above with $UUUU and $DNN
Sphere 3D / Gryphon Mining $ANY
Really digging $ANY here. Bought more today.
Metalla Royalty and Streaming $MTA
Tried to sell some $7.50 Feb Paper but didn’t get the ask price – order expired.
Summary
We’ll be looking for signs of support for $UUUU $DNN and $UROY tomorrow and Friday and write calls accordingly. Looks like $ANY will bust our calls @ $2 – if it does we’ll teeter totter the cash secured puts @ $2 – option premium too good to pass up. We still like the $MTA $7.50 paper and will try to get a fill again tomorrow. Have a good night!
Sold some $uuuu Jan 9s bought some Feb 7s
Tried to sell some $mta Jan 7.50s but nothing filled at the ask
Merry Christmas and Happy New Year! Today I sold some Energy Fuels ($UUUU) Jan 8’s – meant to sell the 9’s but I fat fingered it I guess. On the flipside I bought some Feb 7’s. I also sold some Metalla Royalty and Streaming ($MTA) $7.50 calls and bought some common on the flipside.
Energy Fuels ($UUUU) MACD is turning back up – time to sell the strikes that are farther out of the money and only at the ask or close to it:
Today we sold the following:
and we bought the following:
Uranium is going balistic. Here is a great podcast with Tim Rotolo, Mike Alkin of The North Shore Indices Uranium ETF and John Ciampaglia of Sprott (Sprott Physical Uranium Trust):
Uranium rocketed today with issues up in double digits. Sprott Uranium Trust continues to take uranium off the market at a dizzying pace. We will be looking to acquire more Denison Mines ($DNN) on Monday. Here we go.