Uranium slightly down
Bitcoin slightly down as well
Silver has rocketed but toppy
MACD Histograms
Blood in the streets
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
More Volatility…
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 $mta Jan 7.50s but nothing filled at the ask
Trades for December 20, 2021
Today we sold the following:
- Silver Junior ETF ($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
Daily Boost 09.16.2021 Uranium No Limits
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):
Daily Boost 09.02.2021 Go UUUUtes!
Uranium won big today thanks to $SPUT and friends and the Utes are winning tonight. What a day.
Daily Boost 08.19.2021 No Bid
Still on the wrong side of the trade with our inflation assets. We bought more Energy Fuels ($UUUU), Transocean ($RIG) and Denison Mines ($DNN) – argh.
Daily Boost 07.28.2021 Fed Speaks Edition
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. $RIG holding strong.
Boring Tankers.
Tankers are going nowhere fast right now and we like them. DHT Holdings, Inc. ($DHT) is our kinetic rocket for the sector. Here is a long-term chart depicting the ratio of the Nasdaq Composite to Frontline Ltd. ($FRO) another tanker company that has been around awhile:
As you can see from this chart, the Nasdaq has really outperformed tankers for the past 10 years or so… a trend that could start reversing itself in the future.