A Private Buywrite Fund focused on Uranium, Silver and Bitcoin Equities
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 ($UUUU)
Mondays aren’t half bad when you write covered calls – they are more than just another day. They are a just another profitable day.
Today we wrote bull calendar spreads with the October / December paper on Energy Fuels ($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 $1.50 paper there.
The year was 1979, Michael Jackson was climbing the charts with hits like “Don’t Stop Til You Get Enough” and interest rates were climbing as well to as high as 11.2%. We haven’t seen that kind of inflation for decades… until recently. I was listening to a podcast with Jonathan Davis (shown here below) where he talked about a new era of rising rates. I tend to agree. We started the first leg up, we are pausing and now heading back up again.
As for our positions, we got called away on Riot Blockchain ($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.
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)
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. ($MOGO)
IMV Inc. reported some good results from their ovarian cancer drug trial:
Yesterday the stock was up on the news, today its back down.
We acquired some additional shares in IMV Inc. ($IMV) mentioned above, along with Energy Fuels ($UUUU), Denison Mines ($DNN) and Innovio Pharmaceuticals ($INO).