/biz/ - Business & Finance

>>50686797
I'm keen on buying some SMR myself. It offers a unique product within the uranium space. However, looking at the daily charts show signs of the "asset bubble" pattern as the market is trying to all jump into it. I'm certain it will retrace, but I have no idea where or when. I wouldn't fomo into it, but it also wouldn't hurt to average into a position too.
If it reversed tomorrow, it would likely retrace into the 11.50-13.00 range. But it might keep going. Right now, it broke 2SDs on the bbands, though it has an embedded RSI. It can't keep going, and in fact if it has another long green candle in a day or two, probably worth considering a short once the top is established for two sessions.
I don't see a lot of options on it either, so that's telling me smart money isn't involved yet.

>>50686843
Well looking at the different option indexes here for example, they have a specific option strategy, 1mte and buy a corresponding bond
https://www.barchart.com/options/strategy-indexes