A Private Buywrite Fund focused on Uranium, Silver and Bitcoin Equities
Everything we own was down again today, so we bought more… Energy Fuels ($UUUU), more Denison Mines ($DNN), more Innovio Pharmaceuticals ($INO), more Metalla Royalty and Streaming ($MTA), more Canaan ($CAN), more Transocean ($RIG), and more Mogo Inc. ($MOGO)
With Bitcoin at $47,486 its back above its 30 day moving average and ready to rumble. Speaking of crypto we bought more shares of Canaan ($CAN) and Riot Blockchain ($RIOT) today, along with Energy Fuels ($UUUU), Denison Mines ($DNN), IMV Inc. ($IMV) and Platinum Group Metals ($PLG). We like Bitcoin and Gold here.
Inovio Pharmaceuticals was up 13% today on high volume and busted through our $9.50 calls for tomorrow August 13th. Maybe a minor correction tomorrow is in the cards? Today we bought some Energy Fuels ($UUUU), Denison Mines ($DNN) and more IMV Inc. ($IMV).
IMV Inc. reported some good results from their ovarian cancer drug trial:
Yesterday the stock was up on the news, today its back down.
We acquired some additional shares in IMV Inc. ($IMV) mentioned above, along with Energy Fuels ($UUUU), Denison Mines ($DNN) and Innovio Pharmaceuticals ($INO).
Crypto was straight fire on market open this morning. Its cooled off a bit tonight with bitcoin at $45,459. We did a buywrite @ $38.50 and bought longer dated calls on the flipside with Riot Blockchain ($RIOT) – will we get assigned? your guess is as good as mine. Its pretty much a coin flip at this point.
Meanwhile, energy is no bid cause Covid and China. Time to buy more Transocean ($RIG) common?
Finally, Denison Mines won’t budge, so we’re writing the cash secured puts @ $1.00 and writing $1 calls on the flipside.
Oh the joys of summer.
Most of our issues were up today as we took an additional position in uranium company Energy Fuels ($UUUU) and the biotech firm IMV Inc. ($IMV) . Keeping an eye on Bitcoin, Oil, Gold and Silver here, but with the summer doldrums in full swing we’re not expecting any big moves.
The market is a nothing burger right now when it comes to implied volatility. Bought some uranium today – Energy Fuels ($UUUU) and Denison Mines ($DNN). Also bought some crypto – Riot Blockchain ($RIOT) but thats about it.
Well it was a blah day today in the market. Bitcoin has cooled off a bit here at $38.032 as of this writing. We purchased more uranium today. Nice pop in Energy Fuels ($UUUU) at the end of the day, we’ll see if it holds. Price action in Transocean ($RIG) was weird today, but we are still bullish oil longterm.
We bought a bit of everything today: Energy (Energy Fuels $UUUU, Denison Mines $DNN and Transocean LTD $RIG), Crypto (Riot BlockChain $RIOT) and BioTech (IMV Inc. $IMV and Innovio Pharmaceuticals $INO)
So you’re telling me its not transitory?
Commodities are back in vogue – well at least for now.
Uranium is starting to glow again. Sold more Energy Fuels $UUUU Sept $6 Calls today. Bought some Energy Fuels $UUUU Oct $6 Calls today. Need a play on Dennys ($DNN) but its in no mans land. Tried writing some Sept puts @ $1 but not a lot of meat on that bone. C’mon Dennys.
Gold and Silver looking good here. Still love royalty cos like Metalla – $MTA – gonna listen to http://www.kereport.com/2021/07/27/metalla-royalty-streaming-a-shareholder-update-on-a-wide-range-of-topics/
Crypto seems to be headed higher but might be a head fake – who knows? Canaan ($CAN) was up like 15% today so there’s that.
We’re buying some Biotech cause why not. New position in IMV Inc. ($IMV) – they are battling Cancer and Covid – so thats awesome.
Oil looking slick. Pun intended. $RIG holding strong.