Friedberg's URA Play + Wheel Strategy
This is not financial advice and it is for educational and entertainment purposes only.During All-In Podcast #160, David Friedberg predicted the Gobal X Uranium ETF (NYSE: URA) would do well in 2024. I bought 100 shares of URA on January 8, 2024 and will maintain the position using an options wheel strategy and track it on this website. I aim to hold it until at least 2025 predictions.
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Performance Updates
October 11, 2024
Sold 31.00 November 1 call for $60
Holding 100 Shares of URA
Cash Generated from Options Sales:
$487.16
Cash Generated from Stock Sales:
$292.98
Cash Paid for 100 Shares:
$3,250
Last Traded Price:
$30.00
Cost Basis:
$24.70
Unrealized Gain:
$532June 28, 2024
32.50 June 28 Call Expired Worthless
Holding 100 Shares of URA
Cash Generated from Options Sales:
$427.84
Cash Generated from Stock Sales:
$292.98
Cash Paid for 100 Shares:
$3,250
Last Traded Price:
$28.95
Cost Basis:
$25.53
Unrealized Gain:
$342June 11, 2024
Sold 32.50 June 28 Call for $24.32
Holding 100 Shares of URA
Cash Generated from Options Sales:
$427.84
Cash Generated from Stock Sales:
$292.98
Cash Paid for 100 Shares:
$3,250
Last Traded Price:
$28.98
Cost Basis:
$25.53
Unrealized Gain:
$345June 11, 2024
Bought (to close) 31.50 June 14 Call for $5.03
Holding 100 Shares of URA
Cash Generated from Options Sales:
$403.42
Cash Generated from Stock Sales:
$292.98
Cash Paid for 100 Shares:
$3,250
Last Traded Price:
$28.98
Cost Basis:
$25.53
Unrealized Gain:
$345.00June 4, 2024
Sold 31.50 June 14 Call for $44.32
Holding 100 Shares of URA
Cash Generated from Options Sales:
$408.45
Cash Generated from Stock Sales:
$292.98
Cash Paid for 100 Shares:
$3,250
Last Traded Price:
$31.00
Cost Basis:
$25.48
Unrealized Gain:
$552.00June 3, 2024
Assigned 100 shares of URA @ 32.50 when price closed at 31.60 on expiration day.
Holding 100 Shares of URA
Cash Generated from Options Sales:
$364.13
Cash Generated from Stock Sales:
$292.98
Cash Paid for 100 Shares:
$3,250
Last Traded Price:
$31.60
Cost Basis:
$25.92
Unrealized Gain:
$568.00May 21, 2024
Sold May 31 32.50 Put for $44.32
Cash Generated from Options Sales:
$364.13
Cash Generated from Stock Sales:
$292.98
Total Gain:
$657.11May 20, 2024
Bought to close May 20 30.50 Put for $5.03Cash Generated from Options Sales:
$319.81
Cash Generated from Stock Sales:
$292.98
Total Gain:
$614.79May 15, 2024
Rolled forward short put
Bought May 17 30.50 Put and Sold May 24 30.50 Put for a net credit of $24.32
Cash Generated from Options Sales:
$326.84
Cash Generated from Stock Sales:
$292.98
Total Gain:
$619.82May 6, 2024
Sold May 17 30.50 Put for $38.32
Cash Generated from Options Sales:
$302.52
Cash Generated from Stock Sales:
$292.98
Total Gain:
$595.50May 3, 2024
30.50 May 03 Call
Shares called in, sold @ 30.50
Plan: sell put next week
Cash Generated from Options Sales:
$264.20
Cash Generated from Stock Sales:
$292.98
Total Gain:
$557.18
(buy and hold URA unrealized gain would have been $376 at close on May 3, and Vanguard Total Index Fund unrealized gain would have been $173.75)April 22, 2024
Sold 30.50 May 03 Call
Holding 100 Shares of URA @29.32
Cash Generated from Options Sales:
$264.20
Cash Generated from Stock Sales:
$143.01
Cash Paid for 100 Shares:
$2,900
Last Traded Price:
$28.99
Cost Basis:
$24.92
Unrealized Gain:
$407.21April 19, 2024
Assigned 100 shares of URA @ 29.00 when price closed at 28.83 on expiration day.
Holding 100 Shares of URA
Cash Generated from Options Sales:
$234.88
Cash Generated from Stock Sales:
$143.01
Cash Paid for 100 Shares:
$2,900
Last Traded Price:
$28.83
Cost Basis:
$25.22
Unrealized Gain:
$361.00April 11, 2024
Sold URA April 19 @ 29 Put for $26.32
Holding No Shares of URA
Cash Generated from Options Sales:
$234.88
Cash Generated from Stock Sales:
$143.01
Total Gain:
$377.89 (roughly 9% of maximum total contribution for the year, without being counted toward contribution) So far the Wheel Strategy is putting about $30 per week in my HSAMarch 22, 2024
Short call was assigned because it expired in the money, as a result:
Sold 100 Shares of URA @ 28.50
Cash Generated from Options Sales:
$208.56
Cash Generated from Stock Sales:
$143.01
Total Gain:
$351.56 (roughly 8% of maximum total contribution for the year, without being counted toward contribution)Per the Wheel Strategy, I will begin selling puts as a means to generate cash and eventually re-enter the URA position. Wish so many economic numbers being released this coming week I will wait until at least Friday to submit a short put order.March 14, 2024
Bought 29 Mar 15 Call for $3.03
Sold 28.5 Mar 22 Call for $27.32
Holding 100 Shares of URA
Current Cost Basis:
$24.98
Last Traded Price:
$27.31
Unrealized Gain:
$233.00 (+9%)March 11, 2024
Sold 29 Mar 15 Call for $19.32
Holding 100 Shares of URA
Current Cost Basis:
$25.29
Last Traded Price:
$28.04
Unrealized Gain:
$275.00 (+11%)March 8, 2024
29.50 Mar March 8 Call expires worthless (I keep shares and $37.32)
Holding 100 Shares of URA
Current Cost Basis:
$25.48
Last Traded Price:
$28.06
Unrealized Gain:
$258.00 (+10%)February 27, 2024
Bought (to close) 29.50 Mar 1 Call for $6 and Sold (to open) $28.50 March 8 Call for $43.32
Holding 100 Shares of URA
Current Cost Basis:
$25.48
Last Traded Price:
$28.01
Unrealized Gain:
$259.00 (+10%)February 21, 2024
Sold 29.50 Mar 1 Call for $19.32
Holding 100 Shares of URA
Current Cost Basis:
$25.86
Last Traded Price:
$27.73
Unrealized Gain:
$187.00 (+7%)February 16, 2024
URA 31 Feb 16 Call Expires Worthless:
Holding 100 Shares of URA
(I keep shares and $19.32)
Current Cost Basis:
$26.05
Last Traded Price:
$28.96
Unrealized Gain:
$291.00 (+11%)February 12, 2024
Sold 31 Feb 16 Call for $19.32
Holding 100 Shares of URA
Current Cost Basis:
$26.05
Last Traded Price:
$29.76
Unrealized Gain:
$371.00 (+14.25%)February 9, 2024
URA 32.5 Feb 9 Call Expires Worthless:
Holding 100 Shares of URA
(I keep shares and $24.32)
Current Cost Basis:
$26.24
Last Traded Price:
$29.77
Unrealized Gain:
$353.00 (+13.45%)February 5, 2024
Sold URA 32.5 Feb 9 Call:
$24.32
Current Cost Basis:
$26.49
Last Traded Price:
$31.01
Unrealized Gain:
$452February 2, 2024
URA 32 Feb 2 Call Expires Worthless:
(I keep shares and $34.32)
Current Cost Basis:
$26.49
Last Traded Price:
$31.52
Unrealized Gain:
$504.00January 22, 2024
Sold URA 32 Feb 2 Call:
$24.32
Current Cost Basis:
$26.83
Last Traded Price:
$29.52
Unrealized Gain:
$269January 19, 2024
URA 32.5 Jan 19 Call Expires Worthless:
(I keep shares and $24.32)
Current Cost Basis:
$26.83
Last Traded Price:
$30.43
Unrealized Gain:
$360January 12, 2024
Sold URA 32.5 Jan 19 Call:
$24.32
Current Cost Basis:
$27.07
Last Traded Price:
$31.48
Unrealized Gain:
$441January 8, 2024
Bought 100 Shares URA:
$2707.00
Current Cost Basis:
$27.07
Last Traded Price:
$27.36
Unrealized Gain:
$29.00
Wheel Strategy Explained
The Wheel options trading strategy involves selling put options to collect premiums with the intention of buying the underlying stock at a discount if the stock price falls below the strike price. If assigned the stock, the investor then sells covered call options on the same stock to collect additional premiums and potentially sell the stock at a higher price. The process repeats, aiming to generate income through premiums while potentially owning the stock at lower prices.The wheel strategy on this page started by selling a call against a held position in URA. Calls 4-14 days from expiry 20-30 Deltas out of the money will typically be sold in this scenario.Watch a video about the Wheel Strategy
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