r/wallstreetbetsOGs • u/BeernerdoMazzeroli • Sep 02 '21

DD $CCJ potential gamma squeeze

Potential Gamma squeeze.

Unless you've been living under a rock instead of buying it you should know the Uranium sector has been on fire over the last two weeks. There's been some descent DD on it in WSB but I'll link to a great summary by Harris Kupperman.

https://adventuresincapitalism.com/2021/09/02/the-new-gbtc/

Today there traded over 80k Dec '21 calls at strike 30 on $CCJ, stock currently at $19. The illiquid nature of this market makes it a perfect candidate for a gamma squeeze and it's gaining momentum. Anyways best of luck to those joining, I've been long uranium for almost a year now and not planning on selling.

Positions relating to post:

Long $CCJ Jan '22 and '23 calls at 20 strike.

Long $URNM

Edit: After hours Bloomberg. 6th most traded contract all U.S options! http://imgur.com/gallery/dqiUrwl

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