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The Bulls Are Glowing as the Uranium Market Heats Up

by | Mar 21, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take a look at Canadian uranium producer Cameco as the U.S. looks to ban Russia imports. 

The war between Russia and Ukraine has roiled the energy markets, especially in Europe, which gets about 25% of its crude oil from Russia. This, in turn, has caused the world to once again look to nuclear energy and uranium as a source of energy. 

Not only that, but just this past week, four U.S. senators introduced a bill that would ban uranium imports from Russia. 

The U.S. gets about 20% of its uranium from Russia. Meaning without that supply, companies such as Canada-based Cameco Corp. (NYSE: CCJ) will be tapped to provide the difference. 

And the smart money is certainly bullish on Cameco. They’re snapping up the April 14 $35 strike calls for more than $103,000 in premium! 

With Cameco’s stock currently trading for under $30 a share, they’ve expecting an upside move of at least 16%. 

Of course, this wasn’t the only outsized trade hitting the tracker today…

    • Advanced Micro Devices Inc. (Nasdaq: AMD): March 25 $117 CALL. 
    • General Motors Co. (NYSE: GM): March 25 $43.50 CALL.
    • Pure Storage Inc. (NYSE: PSTG): April 14 $35 CALL.
    • Cameco Corp. (NYSE: CCJ): April 14 $35 CALL.

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!  

And to find out how I trade Shadow Blitzes like these as soon as I see them, check out my Weekly Blitz Alerts strategy!

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Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”  

But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”  

By doing this, we cash in whether the broader market is going up, down or sideways. 

The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell. 

If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!  

In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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