Thread by @BambroughKevin

Curious what people think is a fair price to pay for Nymex Uranium Futures Feb 2023?

They trade with no volume at the moment but I own a bunch. I’ve been debating trying to see if I can create more and build out some contracts so there is actual trading of uranium futures

FYI. I’ve offering some out at $55/lb at times lately and never get hit. Seems cheap to me given spot is at $47-48 but perhaps the lack of liquidity is a turn off?

I’d like to work on creating more contracts and improving liquidity and @quakes99 has suggested to me that doing so would be good for the market. Trouble is that there are basically no bidders and I don’t want to sell what I have unless I can replace them.

I believe there are some entities out there willing to carry trade and create uranium futures but I need to bid out loud for 400 contacts to make that happen and because I have so many zero margin stocks and already have around 400k lbs of uranium I’m a bit tapped

I suppose with sput trading near nav most are content to buy it and leverage as desired with their brokerage accounts. That said. I used margin to buy my uranium futures. You just need initial margin room and theres no actual margin cost

Kinda crazy but not factoring the ‘risk’ of buying futures the return so far is the best trade I’ve ever done. 1100x in 3.5 months. Cause it was just the commission cost. Was 1700x when in 2 months when uranium hit $51 the first go. Knock on wood.. never been down a day