Go apeshit on cow farts then make a $CLNE getaway with tendies. πŸ¦πŸ’©+πŸ„πŸ’¨=πŸš€β›½οΈ

Positions and TL;DR at the bottom for those apes who either can’t read or don’t believe in foreplay.

Hello shitheads and aspiring shitheads. It is time to get into cow farts. (If you aren’t already. πŸ˜‰)

I needed a new play to continue this meme high, and one stood out above the rest, mostly because it has something that gets me all hot and bothered but may frighten and baffle my fellow primates:

A goddamn date. (I know, you’re not used to getting them.)
>>>>June 18th<<<<

There’s also shit involved, which is just a bonus.

THE SHIT

Clean Energy Fuels ($CLNE) specializes in renewable natural gas. Like all good RNG, renewable natural gas is about taking a bunch of random (and literal) bullshit and turning it into beautiful loot.
In this case, they are grinding for methane. From all the πŸ„πŸ’¨. It’s poot loot.

This is the most natural (ha!) step for the juggernaut initiative that is Green Energy which is coming nation-wide circa 2030 one way or another, even if the rest of the industry is still trying to work out an actual plan. CLNE is ahead of the game. While πŸ¦πŸ•ΆπŸ‡ΊπŸ‡Έ and co. are trying to decide how much of the country can actually run on all-electric, CLNE is securing deals with a little company called AMZN and securing some huge long term revenue.

THE (GAMMA) SQUEEZE

I can’t believe you made it all the way through that last section on only five emoji. Good boy! Here’s some treats before I go on. 🍌🍌🍌🍌🍌🍌🍌

So what is special about this stock and why the date?
Well, some rubes went and built a Goldberg machine out of options expiring on 6/18. If this thing goes off, there will be so much gamma squeezed out that your new green dildo will make Bruce Banner feel inadequate.

CLNE has a float of 145 million and had been sitting, flatter than your wife’s boyfriend’s abs, at around $8 for the past month, consolidating and getting all pent up like you when the missus goes on her weeklong trips β€œto the grocery store”.
Prior to yesterday’s open, it had an open interest of 47,000 in 6/18 calls with strikes between $9 and $15.
As of typing, that range now has 69,000 OI (nice!), 65,000 OTM, which means the squeeze potential has only increased with yesterday’s activity. The most striking (HA!) of these numbers is the 29,000 calls aimed at a share price of $13.

Sure seems like someone knows or is planning something I don’t know about… Either way, it is set to go off, like you when the missus…

Even before hitting that lucky number 13, calls representing 26 million shares, 18% of the float and 500% of the 10-day average volume prior to yesterday, should be hedged. When it hits $13, 29 million more shares in calls become ITM and the volume beast will begin shitting out green dildos that it will consume to shit more in a shit ouroboros that will fuel the ape shit ship back to the moon. πŸ’©πŸš€πŸ’©πŸš€πŸ’©πŸš€πŸ’©πŸš€πŸ’©πŸš€
Yesterday was just a preview of what will happen as more of those strikes are reached. The daily volume exceeded 600% of the previous 10-day average and that resulted of a share price high of $9.74, 19% higher than previous close.

THE PLAY

Okay, fair warning, this part pains me to write a bit because it almost doesn’t seem like a bet, but the most safe method, and what will fuel the squeeze, is to buy and HODL shares. You should know the drill by now.

The reason shares won’t quite scratch the gambling itch is because CLNE’s ATH of $19 happened just back in February, and it hasn’t dipped far below its current level in five months. It also has a price target of somewhere between $17 to $18, depending on the analyst.
This means that even with its recent rise, there is not much downside, and the upside is huge even if the gamma squeeze does not play out. The feeling of holding is not quite the same when there is no apparent risk of your bags being -50% for a quarter of a year before you can break even, I know, but hopefully you can find a way to adjust to all the green in your portfolio.

Shares also benefit from a possible raincheck of the scheduled event should 6/18 fail to deliver.
While not quite as ideal, 9/17 calls have a whopping 20,881 open interest at the $20 strike which could grow into a similar situation should lower strike interest grow. There is currently an OI of about 29,000 in the run up range from $10-$19 but it is not so nice and evenly distributed as it is on our magic date. Worth watching though.

Overall, shares should securely keep your tits below you, if that is how you like them.

Options are where the biggest upside is going to be, and boy is there a lot of potential. Thanks to CLNE’s month long power nap, premiums are were stupidly low for calls 6/18 strikes $13 and above. A light breeze is all it took to make some of those ten baggers yesterday. They still have plenty of room to run and premiums are still somewhat modest, all things considered. Triggering the squeeze would send these to high heaven.

TL;DR

Gamma squeeze. CLNE. 6/18.
/ Be in before there or be in shares.
πŸ¦πŸ’©πŸš€πŸ¦πŸ’©πŸš€πŸ¦πŸ’©πŸš€πŸ¦πŸ’©πŸš€

POSITIONS

128 shares @ 8.98
13x 6/18 15c
10x 9/17 10c

submitted by /u/LetItATV
[link] [comments]

Jump To The Original Source

Share this Story
Load More Related Articles
Load More In Stock News

Facebook Comments

Check Also

Harley-Davidson CEO Jochen Zeitz On The Multi-Year Turnaround Plan

The following is the unofficial transcript of a ...

Archives