Silver is looking good coming into this week. Here are a few of our favorites, Metalla Royalty and Streaming ($MTA) and Sandstorm Gold ($SAND):
Uranium is a bit suspect.
Here is Energy Fuels ($UUUU):
Bitcoin is looking a bit suspect as well.
Here is Sphere 3D ($ANY):
Summary: Next week should be interesting, we are looking for Silver to remain strong and Uranium and Bitcoin to potentially correct before heading higher.
Merry Christmas and Happy New Year! Today I sold some Energy Fuels ($UUUU) Jan 8’s – meant to sell the 9’s but I fat fingered it I guess. On the flipside I bought some Feb 7’s. I also sold some Metalla Royalty and Streaming ($MTA) $7.50 calls and bought some common on the flipside.
Energy Fuels ($UUUU) MACD is turning back up – time to sell the strikes that are farther out of the money and only at the ask or close to it:
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)
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 $1.50 paper there.
Innovio Pharmaceuticals ($INO) popped today on news that it has received authorization to proceed with Phase 3 trials from Brazil. Muito Bom.
Today we wrote some bull calendar spreads on Energy Fuels ($UUUU) and Denison Mines ($DNN) and bought some Canaan ($CAN)
Some days I feel like that guy on Swamp People – who sets hooks with bait on them for gators and then checks and resets em day after day… only I set the bull and bear traps with bid and ask price spreads to capture implied volatility in the form of covered calls and cash covered puts.
Today I bought some Denison ($DNN) and did some bull calendar spreads on Energy Fuels ($UUUU). Most of my hooks came up empty.