I prefer trading capital efficient options including options on futures over stocks in higher volatility environments. Sadly, the VIX has been declining and many of the opportunities to strategically sell options are waning. Combining this appraisal with seasonal tides that ofttimes support junior resource companies, I am interested in adding a stock Speculation or few. I am already an owner of Trilogy Metals (TMQ), but I am buying another tranche. I will consider it an opening position in keeping with the format of this blog. Joe Mazumdar of Exploration Insights provides an eloquent summary of why this stock might make a good trade during his BNN Bloomberg interview including his discussion of some near term catalysts that might encourage the price to rise. I highly recommend Joe’s newsletter for his geological and investment expertise.
Bought tranche at $1.62 (USD).