| From: ItsAllCyclical | 9/10/2024 3:40:20 PM | | | | | | URNJ options - Was able to get filled @2.35 for March 2025 18 strike earlier today. I think these are going to prove to be stupid cheap, liquidity, quality and leverage. Approx 3% in options now on URNJ in PF. (mostly March, some Dec)
Want to see CCJ back above 40 again and SRUUF above 18, but last night looked very good on the ASX.
Shorts playing w/fire here across the sector, but big time w/Boss at 10% SI.
CCJ above 38 is also significant ST and by itself could lead to more covering. Getting interesting...
Producers should start setting terms on more transparency for pricing. They have the leverage. Don't need specific terms, but there needs to be more accurate reporting which will benefit everyone in the long run.
I think the long funds were taking their time (they don't chase), but also encouraging more shorts for further fire power down the road. Hook has been set. They will pull the trigger soon. Wave 3 of III on deck.
I know...I shouldn't jinx it, but nothing changes for me even if they take things lower ST. If anything I'll raise more capital elsewhere and deploy.
There are funds out there that think uranium is the next lithium. As such they may not cover immediately. But I expect the long to overwhelm any further shorting from here. So I welcome it. They are about to get an education. |
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