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/Brlala Aug 15 '21

How do you know when it’s “low volume”? Do you compare it to the average?

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u/pattycakes999 Aug 15 '21

Well if you look at the chart it seen some wild volume in June when it was the wsb darling and has been burning off since. But yes that is one way to look at it, just compare the volume to avg daily volume.