There is nothing really attractive about the sector other than macro dreams about a uranium supercycle ... I'll leave that to the governments to decide. But we can clearly see speculation by big money players into uranium equities. We can speculate by entering a call debit spread on the uranium ETF URA. URNM is a more concentrated bet on mining.
Buy the $20 October call
Sell the $25 October call.
If we get a 20% move up in URA, the net profit will easily exceed 140%.
Buy the $20 October call
Sell the $25 October call.
If we get a 20% move up in URA, the net profit will easily exceed 140%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.