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RE: TIB: Today I Bought (and Sold) - An Investors Journal #269 - Europe, US Banks, Home Improvement, Clean Energy, Taiwan, Oil, Marijuana, Ethereum
Quick chart of CCJ. It has certainly bottomed out and retesting the support level. The key part of the chart is the comparison with the Global X Uranium ETF (URA - orange line). CCJ is showing it wants to break up compared with the industry. Why? Cameco are in a position to enter production as soon as uranium price moves.
Options are pricey which means that one would need to do a bull call spread. Maybe the patient move is to wait until 2021 options are listed in a few months.
Thanks for the analysis, I will keep CCJ on my radar. Although as natural gas is suppressed, but if oil gets to $100, could be a nice opportunity to go long, but I like your bull call spread idea better.