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.
Not much happening today. Bitcoin hangin’ in. Uranium too. Wrote some calls. Call me, maybe.
To say we are heavily invested in uranium stocks is an understatement. Here is our current portfolio composition:
I suppose its fair enough to say “All I want is U…ranium”
Today was the first day of Bitcoin being a national currency of El Salvador. To celebrate, Bitcoin dropped in price to $46,428 as of this writing – however we don’t expect Bitcoin to be left high and dry. In other news, uranium continues to roll with the Sprott Physical Uranium Trust train showing no signs of stopping.
We wrote bull calendar spreads on Riot Blockchain ($RIOT), Innovio Pharmaceuticals ($INO), Transocean LTD ($RIG) and Energy Fuels ($UUUU)
Uranium continues to shine as Sprott removes supply from the market at breakneck speed with their Sprott Uranium Trust vehicle. It will be interesting to see how spot moves next week – will it continue to march higher or take a breather?
In other news, bitcoin is back over $50K, gold and silver got a pop and will oil become more volatile with these missile attacks in Saudi Arabia?
Uranium won big today thanks to $SPUT and friends and the Utes are winning tonight. What a day.
Here we are in September of 2021. Uranium had some pretty good follow through from yesterday. Bitcoin is hanging around at $47K and Oil is at $68 / barrel. Today we wrote some Bull Calendar Spreads on Energy Fuels ($UUUU) and Denison Mines ($DNN). Given the bullish momentum, we are going to hang onto the calls we are generating into the fall. For uranium the future’s so bright, gotta wear shades.
Uranium Spot Price continues to climb as it nears $35 / pound. This is in part thanks to the Sprott Physical Uranium Trust (SPUT) which continues to act more more like SPUTnik – taking pounds off the market at rocket speed. We are doing our part by purchasing more Energy Fuels ($UUUU) and Denison Mines ($DNN) -mostly in the form of Bull Calendar Spreads. Earth below us…. drifting, falling…. floating weightless. To the moon, diamond hands.
Mondays aren’t half bad when you write covered calls – they are more than just another day. They are a just another profitable day.
Today we wrote bull calendar spreads with the October / December paper on Energy Fuels ($UUUU). We also wrote some bull calendar spreads with the weeklies on Riot Blockchain ($RIOT) and Innovio Pharmaceuticals ($INO). We picked up a few $DNN and would love to see our bids get filled at $0.10 for the October $1.50 paper there.