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.

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.

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.

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 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.

Covered Calls Silver Uranium Vanadium

First Majestic ($AG) Covered Calls Cameco ($CCJ) Covered Calls Energy Fuels ($UUUU) Denison Mines ($DNN)

Happy Options Expiration Friday. Today my weekly covered calls in First Majestic ($AG) and Cameco ($CCJ) both expired out of the money. First Majestic had a bit of a run earlier in the week, however ultimately it failed to sustain the part as silver came under pressure later in the week. Cameco had its quarterly conference call this morning. Things are looking up for the uranium sector as a whole, but the turnaround is slow going. Its definitely a market for the patient. Once uranium hits $30 / lb in the spot market things should start to run a bit quicker. Looking forward to more writing opportunities next week. Today I also bought more Energy Fuels ($UUUU) and Denison Mines ($DNN) as uranium plays were deep in the red and certainly on sale. Have a great weekend!

BioTech Covered Calls Shipping Uranium

Inovio Pharmaceuticals ($INO) Cameco ($CCJ) Nordic American Tankers ($NAT) and Energy Fuels ($UUUU)

Today I sold some Inovio Pharmaceuticals ($INO) with the stock being temporarily overbought because of the coronavirus scare. Its had an insane run! I still have some Feb 21 covered calls that are now in the money because of the recent run up – we’ll see how those play out as they near expiration on February 21st. I used the proceeds to purchase more Energy Fuels ($UUUU) – a smaller US-based uranium company. I also wrote some out of the money covered calls on Cameco ($CCJ) with a Feb 7th expiration and a $9 strike price. I used the proceeds to purchase more Energy Fuels ($UUUU). Energy Fuels has been absolutely hammered here, and while it may go lower, it feels like capitulation. I sold some out of the money Feb 21 $5 covered calls on Nordic American Tankers ($NAT) and used the proceeds to buy additional shares of Nordic American Tankers ($NAT) to increase my position there. I don’t believe the tanker bull market is finished and tankers seem to be oversold here with the recent coronavirus news and its impact on China. We’ll see what happens there. All eyes will be on the FED tomorrow as they give their statement to the market.

Write/Sell the Green. Buy the Red.

Have a great night.

BioTech Silver Uranium


Today I wrote some First Majestic $AG Jan 31 $11.00 Calls, bought some Alexco $AXU with the proceeds and tried to write some Cameco $CCJ Jan 31 $8.50 Calls but my bid expired. I will try the $CCJ again tomorrow if its a green day. $INO continues to moon shot from #coronavirus – calls busted through and then some.


Marcelo and Bram. #uranium