Categories
Silver Uranium Vanadium

Cameco ($CCJ) Metalla Royalty and Streaming ($MTA) Energy Fuels ($UUUU)

Today I wrote some out of the money covered calls on Cameco ($CCJ) and bought Cameco, Energy Fuels and Metalla Royalty and Streaming. Have a great night.

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BioTech Commodities Covered Calls Energy Silver Uranium

First Majestic ($AG) Innovio Pharmaceuticals ($INO) Alexco Resources ($AXU) Energy Fuels ($UUUU) Cameco ($CCJ)

Today I bought back Cameco ($CCJ) at a slight discount which was called away last week. I sold some First Majestic Silver Feb 28 Out of the Money $10.50 Calls and some Innovio Pharmaceuticals Mar 20 Out of the Money $10 Calls. I used the proceeds to buy more First Majestic Silver, Alexco Resources and Energy Fuels. Have a Great Night.

Categories
Covered Calls Silver Uranium

Energy Fuels ($UUUU), Denison Mines ($DNN) and Covered Calls

Happy Valentines Day and Options Expiration Friday. Today I bought some Energy Fuels and some Denison Mines.

Also, I had a bunch of weekly Covered Calls on Cameco and First Majestic that all expired today out of the money. Both came close to being called away earlier on in the week, but they pulled back and finished the week out of the money.

Have a great night and a great weekend.

Categories
BioTech Uranium

Cameco ($CCJ), Denison Mines ($DNN), Innovio Pharmaceuticals ($INO)

Today I bought some Cameco ($CCJ) and some Denison Mines ($DNN).

My biotech play Innovio Pharmaceuticals ($INO) was up about 22% today on news that it has discovered a coronavirus vaccine. It will take some time to prove out, but this is certainly great news for the company and I think its gonna bust my covered call this month.

In other news, Energy Fuels ($UUUU) announced today a bought deal for ~$16M at $1.47 / share to finance the ramping up of production at their mines. It will have a red day tomorrow, so maybe its time to buy more.

Buy the red, sell the green… Buy the Fear, Sell the Greed. Have a great night.

Categories
Shipping Uranium

Uranium and Shipping

Today I wrote some weekly out of the money covered calls on Cameco ($CCJ) as it was having another green day. I chased the bid rather than sitting on the ask, and in hindsight I should have been more patient. Live and learn.

I bought some more Energy Fuels ($UUUU) and Denison Mines ($DNN) with the proceeds of the covered calls.

As with Cameco mentioned above, uranium issues had a great day today. There seems to be some positive momentum with the sector which is a welcome relief to those of us who have suffered through the bear market for awhile.

Shipping issues were also up a bit today, and looking like they are stabilizing somewhat. Hopefully the worst of the coronavirus scare is behind us and China-dependent sectors like shipping and copper amongst others will start to rise again.

Remember, buy the fear, sell the greed, buy the red, sell the green. Have a great night.

Categories
Covered Calls Shipping Silver Uranium

Silver, Uranium, Shipping and the Nuclear Fuel Working Group

Today I bought some more First Majestic Silver ($AG), Alexco Resource Corp ($AXU) and Denison Mines ($DNN) with the proceeds I received from selling out of the money weekly covered calls of First Majestic Silver ($AG) yesterday. They were all in the red and on sale.

Cameco ($CCJ), Energy Fuels ($UUUU) and other Uranium names had a big green day today, perhaps on the back of some new news out of the White House that the Nuclear Fuel Working Group has proposed a 10 year plan to purchase 150M pounds of uranium per year for the next 10 years. I tried fishing with some out of the money covered calls on the Cameco ($CCJ) weekly, but no one bid my ask… such is life.

Shipping also had a good day today and most issues were solidly in the green including Nordic American Tankers ($NAT).

As always, buy the fear, sell the greed… buy the red, sell the green. Have a great night.

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Shipping

And now back to #shipping…

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Silver Technical Analysis

Great Technical Analysis on First Majestic ($AG) by Patrick Karim

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Covered Calls Silver Uranium

Covered Calls on First Majestic Silver ($AG) and Trump’s 2021 Budget for Uranium

Today I wrote some out of the money weekly covered calls on First Majestic Silver ($AG) as it was green and the calls were being bid up by the greed crowd. There wasn’t much in the red to buy from the fear crowd so I just sat on the cash proceeds for now.

Trump’s 2021 Budget was released today and he has allocated $150M towards domestically sourced uranium for nuclear defense needs. Rumor has it that this is just the start of the budget plans for uranium going forward and there will be such yearly purchase installments going forward as part of the Nuclear Fuel Working Group. But again, this is just rumor at this point.

Remember, buy the fear, sell the greed. Have a great night.

Categories
Commodities Copper Energy OIl Silver Tech Uranium

Inflection point coming for tech / energy+commodities like silver, uranium, copper and oil