Trade of the Week: Uranium | Investors Alley

Trade of the Week: Uranium

October 18, 2021 6:00 am by Jay Soloff

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We recently saw a significant amount of action in Global X Uranium ETF (URA). Uranium has become a popular commodity to trade this year as energy prices in fossil fuels have soared. Uranium is often considered a potential stopgap between fossil fuels and renewable energy sources. URA is up nearly 90% this year and at least one strategist is bullish on it into November. This strategist is selling puts to help finance (purchase) a call spread. That’s about as bullish as you can get in an options strategy.

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