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.

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.

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.

Covered Calls Uranium

Energy Fuels ($UUUU)

Today I tried fishing with some out of the money covered calls on Energy Fuels at the ask. No Bites. It was a red day for $UUUU today anyway. Buy the Fear, Sell the Greed… or Buy the Red, Sell the Green. Have a great night.