Buying the ICLN Dip Pt. 2
Last time on a Biden clean energy play...
I drew with my crayons. Hit my trendline target after having IV contract and volume die down. The only problem from here would be if ICLN continued to sell off. I kinda wanna save my money for other leaps, but clean energy at this discount is hard to pass up. Most of the high options volume I saw have been offloaded, but there still is over 10k on the 35c 1/21/2022.
I'll be looking to set up a PMCC with ICLN by selling weeklies. Realistically, QCLN would be the actual ETF affected by BUYden because they hold American businesses, but the fundamentals matter less in the short term. As the world goes towards clean energy, ICLN will go up cuz it's the global version.
RSI hasn't been this oversold in months. Volume is consistently getting lower.
I drew with my crayons. Hit my trendline target after having IV contract and volume die down. The only problem from here would be if ICLN continued to sell off. I kinda wanna save my money for other leaps, but clean energy at this discount is hard to pass up. Most of the high options volume I saw have been offloaded, but there still is over 10k on the 35c 1/21/2022.
I'll be looking to set up a PMCC with ICLN by selling weeklies. Realistically, QCLN would be the actual ETF affected by BUYden because they hold American businesses, but the fundamentals matter less in the short term. As the world goes towards clean energy, ICLN will go up cuz it's the global version.
RSI hasn't been this oversold in months. Volume is consistently getting lower.
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