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Zach Scheidt

Helping families build wealth so they can focus on what really matters

INCOME MODEL TRADE ALERT — CCJ

January 3, 2022 at 10:49 am by Zachary Scheidt

Selling CCJ puts for income.

Cameco Corp. (CCJ) is a uranium miner and the company should benefit from a focus on clean electricity.

A surge in electric vehicle production, along with political pressure to move away from fossil fuels towards renewable and clean energy is driving demand for nuclear energy. Since CCJ is one of the few pure plays on uranium, the stock will naturally trade higher as investors build exposure to this area.

By selling the February $22 puts near $1.35, we’re able to collect an annualized yield near 48%, while also giving us roughly $1.10 per share in cushion between the current market price for CCJ and our strike price.

  • Sell (to open) 3 CCJ February 18th $22 puts
  • Limit: $1.35 or more
  • The new position will represent roughly 6.6% of our model.
    ~~~~~~~~~
  • 10:56 Executed
  • Sold 3 CCJ Feb 18th $22 puts @ $1.36

(Trade procedure: 5 minutes after this notification posts, I will enter the trade on my brokerage platform. Once filled I will edit this post to include execution prices.)

Please note: I am placing these trades in my own account. And while I notify the group of all trades 5 minutes before I place my own personal trades, this creates a conflict of interest. Please review all disclosures and agreements included with your subscription packet.

Filed Under: income trades Tagged With: $CCJ

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