Long URA as a side effect of mining and metals inflows

There is nothing really attractive about the sector other than macro dreams about a uranium supercycle ... I'll leave that to the governments to decide. But we can clearly see speculation by big money players into uranium equities. We can speculate by entering a call debit spread on the uranium ETF URA. URNM is a more concentrated bet on mining.

Buy the $20 October call

Sell the $25 October call.

If we get a 20% move up in URA, the net profit will easily exceed 140%.