Heavy Activity in Energy Fuels Inc Call Options - a Speculative Play on Rare Earth Elements

Core Insights - Speculators are heavily investing in short-term call options for Energy Fuels Inc. (UUUU), with trading volume exceeding 26 times the previous outstanding amount, indicating a strong expectation for positive news [1] - The stock price of UUUU has risen significantly, from $15.35 at the end of September to $20.80, following a joint deal announcement with Astron Limited and a supportive government letter for a rare earth elements project in Australia [2][3] - The project is expected to ship rare earth elements to Energy Fuels' U.S. processing facility after an investment of over AUD $520 million, with production anticipated by the second half of 2027 [4] Speculative Activity - There has been notable speculative activity in UUUU call options, with over 32,000 options traded at a $29.00 strike price for expiration on November 21, indicating high investor interest [5] - The premium for these call options ranges from $1.70 to $1.75, suggesting that buyers expect the stock to rise to approximately $30.75, representing a potential increase of nearly 48% from the current price [6] - Investors are anticipating a major announcement within the next 30 days that could further elevate the stock price, although the short time frame poses a challenge for the options to gain intrinsic value [7]