Cameco, or CCJ is a uranium producer...
Why does it matter?
Biden is initiating a zero-carbon emission world and nuclear provides the energy that powers electricity (HUGE). After the election, we have been following to see how the stock has been moving and we look to have finished the elliott wave A-B-C correction. This thing can seriously move, according to the options flow. For the past 7 months, someone has been pouring on the buys of the 9/17 strikes ($20, 25, 35 strikes) in the thousands. We bought some today and will make final purchase tomorrow with $25-30 speculative price target within the next 12 months. This is a highly speculative bet, which happens to fit into our risk to reward framework.