Silver – a mixed bag.
Bitcoin Mining – a mixed bag as well.
Uranium continues to grind slowly higher – is this the trend of something more longterm or a pause before another leg down? We will know more after the Cameco Conference Call tomorrow morning. Here is a chart of $UUUU:
MACD and RSI are curling up…
$ANY is backtesting its breakout and we will buy more at these levels. Bitcoin.
We are also buying some $SAND calls and continue to exercise some $DNN $1 Feb Calls
Silver caught a bit today with the MACD and RSI curling higher. We are looking to expand our position in Metalla Royalty and Streaming $MTA and take some initial positions in some of our favorite royalty plays like $SAND and $MMX.
Uranium continues to chop here – no clear direction up or down at this point. We will continue to write the calls on $UUUU at either $7 or $8 and expand our holdings in $DNN
Bitcoin looks good. We sold some calls in $ANY today and will look to add more common ongoing.
Energy Fuels ($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 $1.98.
Chart starting to look slightly better than absolute dumpster fire. Buy time? Bitcoin is a manic beast
Today we sold the following:
- Silver Junior ETF ($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
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.
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)