Trade Alert: Getting Paid To Bet On Nuclear
The options market's giving us a much better setup today.
Why Two of Tonight’s Top Names Stand Out
One of tonight’s top names is a nuclear-sector stock that appeared in last week’s ranking as well. At the time, we weren’t able to structure an attractive options position in it — the calls were too expensive relative to what we could reasonably finance with puts.
That changed this week.
With implied volatility settling into a more favorable skew, we were finally able to build a hybrid structure that both reduces net capital at risk and leaves the door open for a much larger move than the market is pricing. It also gives us exposure through two different catalysts — earnings in the spring, and a potential re-rating that often follows pullbacks in this particular subsector.
Our second trade today fits neatly into our AI digital-infrastructure theme. The company is a plays-well-with-crypto name whose business sits directly at the intersection of AI compute, high-performance data centers, and the energy intensity of blockchain. It has the volatility we like, and the options setup allows us to harvest enough short-term IV to keep our long call exposure affordable.
As always, the goal with these structures is the same:
harvest IV where it’s richest, define our downside, and give ourselves a shot at asymmetric upside.
Below are today’s two trades.
Today’s First Top Names Trade
Energy / Nuclear theme
The stock is Centrus Energy Corp. (LEU), and our trade is a combo consisting of these four legs:
Buying the Jun 18 2026 $410 calls,
Selling the Jun 18 2026 $430 calls,
Selling the Mar 20 2026 $270 puts, and
Buying the Mar 20 2026 $250 puts,
For a minimum net credit of $7.95.
The max gain on 1 contract is $2,773.48, the max loss is $1,205.00, and the break-even is with LEU at $259.93.
This trade filled at a net credit of $8.50.
Today’s Second Top Names Trade
AI / Crypto-infrastructure theme
The stock is Iris Energy (IREN), and our trade is a combo consisting of these four legs:
Buying the May 15 2026 $70 calls,
Selling the Feb 20 2026 $80 calls,
Selling the Feb 20 2026 $50 puts, and
Buying the Feb 20 2026 $45 puts,
For a max net debit of $4.80.
The max gain on 1 contract is $1,780.25, the max loss is $980.00, and the break-even is with IREN at $49.27.
This trade filled at a net debit of $4.20.
Exiting These Trades
My plan:
LEU
Call spread (legs 1 & 2): Open a GTC limit order to sell at a net credit of $16 and raise that price if necessary as we approach expiration.
Put spread (legs 3 & 4): Open a GTC limit order to buy back at a net debit of $0.20, and raise that price if necessary as we approach expiration.
IREN
Calls / calendar (legs 1 & 2): Open a GTC limit order to buy back the Feb $80 call at $0.20, and raise that price if necessary as we approach expiration. If it’s still ITM as we approach Feb expiration, we’ll sell the May $70 call and use part of the proceeds to close the Feb $80.
Put spread (legs 3 & 4): Open a GTC limit order to buy back at a net debit of $0.20, and raise that price if necessary as we approach expiration
Out of the short IREN call at a net debit of $0.20 today.