NLR Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Increasing institutional interest and global nuclear energy demand could drive NLR higher. Low volatility at key strikes indicates potential for upward price movement as regulatory environments stabilize.




Bearish Case: Potential geopolitical tensions and regulatory setbacks might depress NLR prices. Elevated put volume and slightly higher bearish risk suggest downward pressure could increase.




Potential Outcomes:

1. Sideways between $88-$92: Prob. 55%. Mean-reverting action.

2. Bullish above $95: Prob. 25%. Macroeconomic drivers improve.

3. Bearish below $85: Prob. 20%. Regulatory hurdles worsen.




Trading Oracle: Trade a bullish debit call spread: buy NLR 91C, sell NLR 95C expiring 03/2025. Target $93 on stabilization. Low implied volatility enhances risk:reward ratio. High probability-of-profit with current sentiment and spread pricing.



January 31, 2025


VanEck Vectors Uranium+Nuclear Energy Forecast

NLR        VanEck Vectors Uranium+Nuclear Energy











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