My favorite way to play these multi-decade bases is via long-dated calls, or LEAPS.
Certain patterns just lend themselves to specific strategies or vehicles, and this is a great example.
LEAPS plus monster bases is simply a match made in market heaven. They each make the other one so much better!
Since I'm already jumping my entry, I want to make sure to capture the full move. Large patterns like this take months, sometimes years, to resolve.
These patterns can be slow and sloppy to start, so you want to give them plenty of time.
Call options more than a year out accomplish that.
However, once they go, the rallies are explosive and can last years, delivering outsized returns along the way.
Out-of-the-money call options can amplify these gains by adding leverage… with limited capital.
So, the bet I'm making is simple: I think UEC is going to break out and follow CCJ higher.
Cameco is the leader and has already shown it the way. It broke out of an almost-identical base last month and is up 25% since.
I'm structuring this trade to achieve asymmetric upside– in the event I'm right… while capping my risk to the small premium paid– in the event I'm wrong.
I'm long the January 2027 $10 calls. I paid a little over a dollar for them.
Now I have leveraged exposure to the mega trend in nuclear for the next 18 months, and it only cost $100 (per contract).
That's the kind of risk/reward I'm here for.
What do you think? Are you LEAPing into nuclear with me? Or do you prefer shorter-term setups, like the ones we take advantage of every day with the Breakout Multiplier system.
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