Posted on

Daily Boost 08.28.2021 Don’t Stop ‘Til You Get Enough… Inflation

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.

Posted on

Daily Boost 08.26.2021 Hello Innovio

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)

Posted on

Daily Boost 08.25.2021 Fishin for Implied Vol

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.

Posted on

Daily Boost 08.23.2021 Sputnik and the Manic Monday

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).

Posted on

Daily Boost 08.20.2021 Can you feel it coming?

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)

Posted on

Daily Boost 08.13.2021 Bitcoin’s Back

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.

Posted on

Daily Boost 08.12.2021 Pop goes Inovio

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).

Posted on

Daily Boost 08.09.2021 Crypto-nite

Crypto was straight fire on market open this morning. Its cooled off a bit tonight with bitcoin at $45,459. We did a buywrite @ $38.50 and bought longer dated calls on the flipside with Riot Blockchain ($RIOT) – will we get assigned? your guess is as good as mine. Its pretty much a coin flip at this point.

Meanwhile, energy is no bid cause Covid and China. Time to buy more Transocean ($RIG) common?

Finally, Denison Mines won’t budge, so we’re writing the cash secured puts @ $1.00 and writing $1 calls on the flipside.

Oh the joys of summer.