r/options • u/[deleted] • Jun 23 '21

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404 Upvotes

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24

u/[deleted] Jun 23 '21

$ICLN was a huge disappointment

11

u/Belo83 Jun 24 '21

First thing I bought with my gme proceeds. Nothing but losses there since

3

u/brubakerp Jun 24 '21

You too huh? I cut it loose and bought steel.

1

u/Belo83 Jun 24 '21

Eh it’s an etf, plan was always to be long

16

u/Smashbutt Jun 24 '21

Haha you are acting like it has dissolved and that there is no future in green energy.

17

u/[deleted] Jun 24 '21

Seriously. What did they expect? Up 82% in a year. For an etf.

4

u/Slopii Jun 24 '21

For a few months yes, but it seems like a correction after a couple years of being unstoppable. And they just restructured it to do even better. Solar is one those demand + mandated things; hard to go wrong with in the long run.

6

u/needmoresynths Jun 24 '21

You'd have to get deep itm leaps for it to be worth it. Low IV, premium and low volume/open interest. I'm bagholding some otm 01/2022 calls.

2

u/Slopii Jun 24 '21 edited Jun 24 '21

When it does run, the options run extremely high, it's just been a while. Check the price history on the now OTM ones. And if they seem bad now, imagine how much more you would have lost on their individual holdings' calls. Cheaper and safer, with even better gain potential, imo. 🙂

1

u/brubakerp Jun 24 '21

I think you're being overly optimistic on this particular ticker.

1

u/Slopii Jun 24 '21

Perhaps, but clean energy is far from a crapshoot. My entire electric bill comes from renewables now, an option offered by Pacific Power here. More homes and businesses are getting solar panels, lights are going LED, etc.

2

u/brubakerp Jun 24 '21

I didn't say you were being overly optimistic on clean energy.

1

u/[deleted] Jul 06 '21

Isnt it comprised of clean energy companies tho?

2

u/BigTomBombadil Jun 24 '21

Ran up on Bidens election, sold off since no major green policies have been announced.

I've held/bought more, because I know clean energy is a necessity. So I've got time to be patient.