COPJ
Sprott Junior Copper Miners ETF
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Copper is what I think will be most profitable. A good ETF is COPJ or ICOP.
I like capstone copper...you could just buy COPP, or COPJ.
OK, let's work in hypotheticals: COPJ announces a div. of $6.09 with a record and ex-date of 12/18/2025 and payable 12/22/2025. I am stuck with the PCS I mentioned above that I can't get out of. The stock is trading at $40.10. Correct me if I'm wrong: when the div. is announced tomorrow, the stock price will fall to $34. The $37 puts will in all likelihood be exercised (either tomorrow or at expiration) and I will be assigned at $37. I can then exercise my $36s manually (or automatically by Thinkorswim if the stock closes below $36 on Fri., I think) and lose $40 in the process, with no additional risk of loss. Is that all correct? Separately, if the stock closes above $37 because the div. is small as you mentioned, all this is a moot point. Closing between the strikes I'm not so worried about, because I think I can just sell the shares Monday and keep the premium I was paid. Only problem there is if the shares plunge further between assignment and when the market opens and I'm able to sell them, right? I've literally done thousands of options trades and only been assigned a few times, all of which had no div. to consider and enough liquidity to get out of them. Thanks!
Thanks for the reply. \> Dividend is \~2.14. Not $6. It's not distributed in a single shot per year Last year they paid only 1 div. of $2.16 on Dec. 12 (and only 1 the previous year), but haven't paid one since. I've seen a few places they only have an annual div. Last year, the price of COPJ was half of what it is now, and per the link below, they have an estimated year-end distribution of $6.09, so I assume it will be way higher this year. The link also shows the record, ex-date, and payable dates I mentioned., none of which are Dec. 12th this year: [https://sprottetfs.com/media/fhbd1sbj/sprott-etfs-2025-estimated-year-end-distributions.pdf](https://sprottetfs.com/media/fhbd1sbj/sprott-etfs-2025-estimated-year-end-distributions.pdf) \> **Furthermore**, the record date was on the 12th of Dec. So the price adjustment already occurred on the 12th. The stock opened higher on Dec. 12th than it closed the 11th, and barely closed down, but as mentioned above, the div. last year was paid on Dec. 12th and that day the stock moved way down as expected from a div. being paid. \> At expiry yes but it a put doesn't get assigned just like that. It's not because the price of the stock touches the put's strike that you get assigned. Most likely nothing will happen pre-expiry. I should have been clearer: I wasn't saying it will automatically be assigned but if the stock price is $34, I would assume I'll be assigned, and hopefully my 36s will exercise to cover the 37s that were assigned. Very much agree re: liquidity! Thanks again.
There are lots of other copper miners or just buy an ETF like COPX or COPJ. Talking about the one that got away doesn’t get you very far.
when the tariff crashed it, I bought a bunch of CXPR and haven’t touched it. Up 30% which is a lot lower than my other precious metal plays but I’m okay with it not being as volatile. It has a long way to go higher and has several major bullish factors. It’s stupidly ignored. I will probably reposition some of my gold/silver miners to COPJ
I like copper as well in 2026. COPJ specifically
COPJ is up 100% YTD. slight pullback today. even pays a dividend. Is it too late for this one? IDK.
Also there is a ETF traded under symbol COPJ that is invested in companies like Trilogy Metals
The market is so irrational on PMs. It's absurd that gold:silver is 1:87. It "should" be somewhere in the ballpark of 1:35, but realistically 1:60 would make sense. So I would pound the table that silver is due for significantly higher prices. But I have to reconcile that with the fact that we're just not seeing it. So yeah, very bullish higher silver, like in the $50-60 oz realm, but the market disagrees thus far. I hold an amount of physical silver (I would never advocate for $SLV), and some junior developmental miners that have high torque if silver were to re-rate substantially higher. If I were to own majors, I'd stick with gold and $GDX. $SIL is fine. If you're a sane, generalist investor unwilling to throw your life away reading NI 43-101s, and just want some exposure, it'd be alright. I personally would prefer a more targeted approach. Like, just buy Wheaton. I love me some Pan America, but really I'd only own them if I thought Navidad could be developed, which I don't. The rest is meh. I'm not big on First Majestic until they can clean up Jerritt Canyon. Hecla and Fortuna are fine, but whatever. The reality silver miners are facing is rising costs from the last few years of super hot inflation, but silver prices haven't adjusted to reflect that. So the margins aren't what they should be, and it just makes the sector unattractive, even if I personally think it *shouldn't* be. And being such a small percentage of a "normal" portfolio, I'm not sure if it's even worth the hassle. But yeah, I'd just buy Wheaton and call it a day. If you really think silver is going to re-rate, you should be in the juniors. And not SILJ, which is just a reshuffled SIL, unlike COPJ vs COPX
can’t go wrong with COPX. or if you want better torque, COPJ is Sprott’s new copper junior etf.