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Rolling Cameco (CCJ) Covered Straddle to May Expiry

I am rolling the CCJ puts and calls to May to collect additional credit to lower the cost basis of the position. I collected a credit of .14 by rolling the short April 8 Call and Put to May. The new adjusted position is 100 CCJ and short May 8…

March 30, 2020·

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Speculation ·
Decreasing ·

Selling a Tranche of Nexgen (NXE) for a 34% Profit

I am selling tranche #3 of Nexgen Energy for a 34% profit. I am raising cash. Sold tranche #3 at $.74 (USD).

March 26, 2020·

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Speculation ·
Closing ·

Selling Another Tranche of Sandstorm for 5% Profit

I am selling tranche #1 of Sandstorm Gold Royalties (SAND) for a 5% profit. I am raising cash in anticipation of future opportunities. I am also a little wary of Sandstorm’s exposure to Turkey regarding its Hod Maden asset. I believe Turkey will be hard hit in this crisis and there will…

March 26, 2020·

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Speculation ·
Decreasing ·

Selling Alexco Resource (AXU) for 25% Profit

I am selling another tranche of Alexco Resource (AXU) (tranche #2) for a profit of 25%. I am building my cash position for other opportunities coming in the market. Sold tranche #2 at $1.56 (USD).

March 26, 2020·

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Trade ·
Closing ·

Closed MGM Position for $110 Profit

The markets rallied hard today, but I do not think that this crisis is over. I want to raise cash. MGM seemed like a good choice for liquidation based on its particularly massive rally. Sold MGM 100 for 11.47 and bought MGM Apr -17 Put for 5.60 debit for a…

March 24, 2020·

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Speculation ·
Decreasing ·

Selling Alexco Resource (AXU) for 40% Profit in 10 Days

I have a quick profit of 40% in Alexco Resource (AXU) made in 10 days (Tranche #3). This is still a favorite silver play with a big future so I am holding on to the two other tranches. Sold tranche #3 at $1.37 (USD).

March 23, 2020·

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Speculation ·
Decreasing ·

Selling Sandstorm (SAND) for 20% Profit in 10 days

I am selling Tranche #2 of Sandstorm Gold Royalties (SAND) for a 20% profit captured in 10 days. Royalty and streaming companies are susceptible to slowing production due to the prevalence of COVID-19. I am still bullish on the long term future of this company so I will continue to hold…

March 23, 2020·

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Trade ·
Adjusting ·

Adjusting the MGM Position

I am selling a tranche of MGM shares on its recent pop and will apply the profit to the option credit. Sold 100 MGM @ 8.99. The new position is MGM Apr -17 Put for 5.01 credit. MGM 100 @ 9.77.

March 20, 2020·

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Speculation ·
Increasing ·

Taking Another Tranche of Nexgen (NXE)

I am adding a third tranche of Nexgen (NXE). This is an unbelievably cheap price for this world class uranium asset. I believe there is a future for uranium and that this company will be worth much more at some future time. It’s a patience challenge. This is a Speculation, but…