A Private Buywrite Fund focused on Uranium, Silver and Bitcoin Equities
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.
Uranium continues to creep higher as spot price rose to $33.50 thanks in part to the SPUT (Sprott Physical Uranium Trust) buying more of the physical commodity on the open market.
Today we sold calls / bought Energy Fuels ($UUUU), bought more Denison Mines ($DNN), sold calls / bought Metalla Royalty and Streaming ($MTA), sold calls / bought Innovio Pharmaceuticals ($INO), sold calls / bought Riot Blockchain ($RIOT) and sold calls / bought Canaan ($CAN).
As Phil Collins once sang, “I can feel it coming in the air tonight…” – is the reflation trade coming back? It feels like energy and precious metals have bottomed, and bitcoin is starting to rise again… but then again, look at Iron Ore dropping like a rock – who knows?
Today we bought Energy Fuels ($UUUU), Denison Mines ($DNN) and Transocean LTD ($RIG)
We bought more Energy Fuels ($UUUU), Metalla ($MTA) and Denison Mines ($DNN) but the summer doldrums continue.
Everything we own was down again today, so we bought more… Energy Fuels ($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).
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.
