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Uranium and Bitcoin less bad, Silver still pretty bad

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.

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More storm clouds on the horizon.

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

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Trades for December 20, 2021

Today we sold the following:

  • Silver Junior ETF ($SILJ)
  • Energy Fuels ($UUUU) Jan $8 Calls
  • Nasdaq Short ($SQQQ)
  • Uranium Royalty Company ($UROY) Jan $5 Calls
  • Sphere 3D Corp ($ANY) Dec 23 $4 Calls

and we bought the following:

  • Metalla Royalty and Streaming ($MTA)
  • Energy Fuels ($UUUU) Common Stock
  • Energy Fuels ($UUUU) Feb $7 Calls
  • Uranium Royalty Company ($UROY) Common Stock
  • Uranium Royalty Company ($UROY) Feb $5 Calls
  • Sphere 3D Corp ($ANY) Common Stock
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Daily Boost 09.07.2021 Bitcoin Takes a Breather, Uranium finds another Gear

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)

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Daily Boost 09.04.2021 Shine On Uranium

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?

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Daily Boost 09.01.2021 Wow its September

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.

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Daily Boost 08.30.2021 Just Another Day

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.

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Daily Boost 08.28.2021 Don’t Stop ‘Til You Get Enough… Inflation

The year was 1979, Michael Jackson was climbing the charts with hits like “Don’t Stop Til You Get Enough” and interest rates were climbing as well to as high as 11.2%. We haven’t seen that kind of inflation for decades… until recently. I was listening to a podcast with Jonathan Davis (shown here below) where he talked about a new era of rising rates. I tend to agree. We started the first leg up, we are pausing and now heading back up again.

As for our positions, we got called away on Riot Blockchain ($RIOT) and Innovio Pharmaceuticals ($INO) this week. We will get called away on Transocean LTD ($RIG) next Friday. These positions are starting to move, so we will give them room to run with deep out of the money calls and options on the flipside as they do.