Nightglass

It's almost like Strix knew the market was going to rip today.

We're leveling the playing field. Institutional-grade alpha, delivered to Main Street. Six institutional reads on every name, one signal when they agree, and the record to prove it. Introducing Strix Setups by Nightglass. Live now.

$CCJ just had its lowest close since June 2025, down nearly half from January's high. And for a month, one trader has refused to let go. Since October 6, someone has been selling Cameco puts. Same sizes, same two venues, every time. Selling a put says: I'll buy the stock at this price, or collect premium if it goes higher. Win win unless the stock craters. CCJ cratered, but every time CCJ fell, they didn't close. They rolled lower and further out. November $85 and $90 puts became March $65 and $60 puts. Friday, $50. They've collected about $19 million doing it. At Friday's close, the puts still open are about $30 million under water. Most traders cover there. This one keeps lowering the price they'll pay. Then Friday, a new bet. At 11:42 one floor order bought 72,500 March $90 calls and sold 72,500 March $115 calls against them. About $18 million. The bet: CCJ above $92.48 by March 19, about 30% higher. At $115, that $18 million is worth $181 million. $92 is where CCJ was on October 6, the day the put seller showed up. Same March expiry, different venue, so we can't call it the same trader. Why now? Uranium isn't the problem. The long-term contract price hit $96 a pound this fall, a 19-year high. The stock fell anyway. Utilities signed fewer contracts, Cameco's quarter disappointed on October 30 (down 8% that day), and the 10-year yield hit 5.3%. Then Tuesday's midterms. Democrats swept Congress, and Trump said it's "largely true" Republicans lost on energy prices from the Iran war. The 10-year has since given back almost half a point. Nuclear is one of the few energy policies both parties vote for. The chart: Thursday's $68.35 close sat a third below the 200-day average. Friday dipped under it early, then closed up 4% at $71.29. Hold $68.35 and Thursday was the low. Lose it, and the put seller's $65 line is next. One trader defended Cameco all the way down. Another just paid $18 million to bet it comes back.

$GLD IYKYK

Thank you for the free alpha my friend $AMPX

Alpha Flow daily $CCJ bull call spread targets $115 by March '27 $RKLB $VSAT flow suggests space stocks may be preparing for take off 🚀 $TTWO bears into earnings $SLS bulls betting on more upside Opening up access to our new research portal soon. Stay tuned for our announcement this week.

$AMPX — a fintwit darling that’s been all but forgotten. Our flow filters have mostly ignored it, too. Until now. After three quiet months, our models flagged unusual bullish activity that could point to renewed institutional interest: → Nov 13 $9 calls — bullish sweep $255k → Dec 18 $8 puts — bullish flow · $347K Is $AMPX is officially back? We think so.

If you want another trade idea from Alpha Flow with a similar set up as $GLD, ask us in the comments and we'll DM you the ticker.

Last week everyone was bearish gold, except us. We developed this trade signal from one of our daily research reports we share with members. Soon we’re announcing a big update to our platform that will give you more options to get our insights including this bullish gold call. Make sure you look out for our announcement. $GLD

$GLD IYKYK