Uranium miners set for 2026 bull run
The bull case argued for uranium miners suggests they will end 2026 significantly higher than they started, driven by strong structural momentum.
The argument
The hosts discussed how the 2026 outlook for uranium miners remains highly constructive. However, because many smaller miners lack liquid options chains and have gone parabolic, expressing this view requires defined-risk structures in liquid proxies to avoid violent pullbacks.
The thesis, stress-tested
✓ What validates it
- ✓U3O8 uranium futures reaching the weekly chart targets of $120 to $140
▸ Risks discussed
- ▸Parabolic near-term momentum makes fresh delta-one exposure risky
- ▸Smaller miners suffer from highly illiquid options chains
- ▸A broader S&P 500 correction could drag down uranium miners in sympathy
Hear it yourself
"Patrick, Justin's take on the 2026 outlook for uranium miners jibes perfectly with my own view on that subject, and it screams out for call spreads or some other bullish options play on the mining shares. But there's one gigantic challenge to this market because most of the smaller uranium miners don't have liquid options chains to trade."
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