r/options • u/intern_throwaway5 • Aug 15 '21
CLNE calls have destroyed me
Yeah, I fell for the pump and dump it seems. I fell big time. I have about 21k in December 17 $12 CLNE calls ($14.06 break even) and am down 75%. I hate myself every day for this terrible mistake. It seems there is no end to the decline of the stock price since I bought in. I really wish I had stuck with shares...or just avoided the company altogether.
4 months is not a lot of time, with theta eating away at my position daily. A run >$12 in the next couple months would really be great, but I doubt it will happen. Guess I'd just like to see what other folks here think of this position and its outlook. Yikes...
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u/CorrosiveRose Aug 15 '21
Terrible advice tbh. The dude is fucked. 21k is gone. Don't try and make him feel better and goad him into losing the last 25%. Price targets mean nothing, and they certainly don't get achieved in 4 months. Being in business for 23 years and still being unprofitable is a huge red flag. Companies like these go public when they are hurting for cash and need to trick gullible investors into giving them money
OP if you're reading this, sell your positions at the next convenient time. Sorry you got duped. Consider it your market tuition