Big moves in US nuclear power propels nuclear and uranium stocks - a bit of topping up and profit taking made
Portfolio News
In a week where S&P 500 rose 0.7% and Europe dropped 1.22%, my pension portfolio rose 2.45%. Simple story of difference - the S&P500 is not weighted with 30% in uranium and nuclear stocks.
Big movers of the week were DevEx Resources (DEV.AX) (27.3%), Resolution Minerals (RML.AX) (25%), Grange Resources (GRR.AX) (22.7%), Uranium Royalty Corp (UROY) (20.6%), Boss Energy (BOE.AX) (19.5%), Domino's Pizza Enterprises (DMP.AX) (19.3%), NuScale Power Corporation (SMR) (18.9%), Bannerman Energy (BMN.AX) (18.7%), Mirion Technologies (MIR) (18.4%), Alligator Energy (AGE.AX) (16.7%), JinkoSolar Holding Co (JKS) (16.6%), Cameco Corporation (CCJ) (16%), SuRo Capital Corp (SSSS) (15.3%), Paladin Energy (PDN.AX) (14.9%), Standard Uranium (STND.V) (14.3%), Heavy Minerals (HVY.AX) (13.5%), Denison Mines Corp (DNN) (12.8%), Mithril Silver and Gold (MTH.AX) (12.7%), IsoEnergy (ISO.TO) (12.6%), Articore Group (ATG.AX) (12.3%), Global X Uranium ETF (ATOM.AX) (12.1%), Silex Systems (SLX.AX) (12.1%), Yellow Cake plc (YCA.L) (11.9%), Global X Japan Semiconductor ETF (2644.T) (11.8%), Atha Energy Corp (SASK.V) (11.6%), Uranium Energy Corp(UEC) (10.8%), Cauldron Energy (CXU.AX) (10.5%)
27 stocks in the big movers list. The list is dominated from the top - uranium/nuclear (18 stocks - only one nuclear tech), rare earths (2 stocks), gold/silver mining (1 stock)
US markets drifted up and drifted down. Federal Reserve rate cut with soft words made for drifty mood. Soft CPI numbers made for new record close at the end of the week.
Crypto Stumbles
Bitcoin price pushed out sideways and then went on the slide lower finishing the week 6.8% lower than the open with a peak to trough range of 8.4%.Price did test down to September lows (the lower red line), tried to recover and failed.
Ethereum price simply pushed lower finishing the week 11% lower than the open with a peak to trough range of 13.5%.
Something is cooking in Basic Attention Token (BATBTC) with a 39% spike almost matching one made 10 days ago. BAT is the token associated with the Brave browser - watch ads there and get paid.
Something cooking also in Internet Computer Protocol (ICPBTC) with an 89% spike - followers seem to think there is a short squeeze happening.
Nuclear Energy Holdings
Key news was US Government agreeing $80 billion deal to build new Westinghouse nuclear power plants.
A few changes in holdings - locked in some profits on ASX holdings and added a few more holdings in Canada and US. Key move was 8.8% increase in valuations on the back of the Westinghouse news above.
Change in the mix of holdings with Silex Systems (SLX.AX) dropping two places into slot 6 on the sale there. Share of portfolios rises 1.4 points to 30.3%
Two notable changes in holdings by stage - Physical goes up over a point and Enrichment drops 0.5 points on the sale there. Been some time since Physical moved up.
Alternate Energy Holdings
No change in holdings - still not taken out Leo Lithium (LLL.AX) in slot 11 - 0.4% change in valuations.
Only one change in rankings in Top 10 with Westwater Resources (WWWR) dropping two places into slot 3. on subtle change is the share of Others drops one whole point. Share of portfolios drops 0.1 points to 6.2%
Bought
Gevo, Inc (GEVO): Specialty Chemicals. With price opening at $2.50 (Oct 27) put in place a May 2026 expiry 3/5/2 call spread risk reversal. This offers maximum profit potential of 663% for 100% price move. The sold put (2) fully funds the call spread premium with 20% price coverage
Let's look at the chart which shows the bought call (3) as a blue ray and the sold call (5) as a red ray and the sold put (2) as a dotted red ray with the expiry date the dotted green line on the right margin. This looks and feels like a blue sky trade with the bought call (3) around the level of the last two highs. The key thought is the sold call (5) is well within the range of prices seen in 2021 and 2022
Why bother? Starting to see a lot of chatter about the impact of climate change commitments on airline ticket prices and that there will not be enough sustainable jet fuel (SAF) production in the US. Gevo is at the forefront - maybe a big win cooking up - but there is a delay in construction of the South Dakota isobutanol plant.
Global Atomic Corporation (GLO.TO): Uranium. Saw market open for Cameco Corporation (CCJ) (Oct 28) and figured this news would raise all uranium ships. Added another parcel to pension portfolio to average down entry price. Added a parcel to personal portfolio next day.
Sunrise Energy Metals (SRL.AX): Rare Earths. Read an Intelligent Investor interview with the CEO, Sam Riggall - company is sitting on the world's largest scandium deposit based in NSW. Do have development financing lined up, first offtake agreement and two year construction timeline. Added a small parcel in personal portfolio as an options type trade
FMC Corporation (FMC): US Agriculture. FMC announced results with weak guidance - price was smashed - bought a tranche to average down and ride the storm in pension portfolio. Also sold puts just out-the-money to begin the clawback - US needs food and food science.
Geiger Energy Corporation (BEEP.V): Uranium. Scaled into holding in pension portfolio on the completion of the merger of Baselode Energy (FIND.V) and Forum Energy Metals (FMC.V) - was holding stock in the acquirer before the merger.
Energy Fuels (UUUU): Uranium. Added a new holding to managed portfolio on a selloff day - the day after Cameco Corp (CCJ) soared. With price opening at $19.62 and trading higher (Oct 29) put in place a January 2026 expiry 22/16 ratio risk reversal. The ratio fully funds the call premium with a breakeven of $21.55 - look ahead to week close - 5% coverage (Oct 31).
Chart is a little crowded with so many trades - this new trade is in light purple where the purple bracket is. The purple arrow price scenario is from a previous trade idea and is looking for price to retrace to 0.786 Fibonacci level and then move ahead. This will keep price above the sold put (16) and just reach the bought call (22) at expiry. That suggests a breakeven trade only.
Sold
Paladin Resources (PDN.AC): Uranium. Sold portion of the oversubscription shares in pension portfolio for 29% profit since October 2025. Portfolio does hold tranches at higher entry prices - accountant will book the FIFO loss.
Silex Systems (SLX.AX): Uranium Enrichment. Took profits in managed portfolio for 105.3% blended profit since April/December 2024/February 2025. Profits applied against the SPP allocation would have been a lot more = underpriced SPP
Hedging Trades
Haranga Resources (HAR.AX): Gold Mining. Added to holding in personal portfolio - another Next Investors idea that was front run - a 25% discount to first purchase
ASX Portfolio
The segment reports trading in ASX fractional share portfolio. Exits are made at 35% profit or 25% if 52 week high is lower than 35% advance.
Sold
ANZ Banking Group (ANZ.AX): Bank. Closed at 52 week high target for 25% profit since June 2025.
Income Trades
Covered Calls
9 covered calls written across two portfolios (Europe 2 US 7)
Naked Puts
Sold puts happy to own at lower prices
- Cameco Corporation (CCJ): Uranium. Return 5.6% Coverage 6.9% - next day was only 3.5%
- Alerian MLP ETF (AMLP): US Oil. Return 0.6% Coverage 4.6%
- iShares 7-10 Year Treasury Bond ETF (IEF): US Treasuries. Return 0.17% Coverage 1.6%
- FMC Corporation (FMC): US Agriculture. Return 6.3% Coverage 0.1%
Sold puts on stocks that might get assigned on covered calls
Kicked the can down the road on stocks that could assigned on sold puts
- GE Vernova Inc. (GEV): Alternate Energy. 23% loss on buy back. 7.7% cash positive - down a strike - concerned about upcoming earnings.
Exercise risk on sold puts is well within cash margins. Total risk remains high.
Resources
Cautions: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas
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October 27-31, 2025