Yo Pit Crazies,
With most market action tepid after an 8% rally in the S&P 500 last week, I am looking to the green energy pastures fertilized by The Inflation Reduction Act of 2022.
The Congressional majority wants a win for the Biden administration.
That could be this bill.
So there will be winners and losers.
Let’s look at a potential winner!
Big Short-Term Call Buyers in CLNE
Clean Energy Inc (Ticker: CLNE) is a name on our Capito Gains list that uses renewable energy to power natural gas vehicles.
The Inflation Reduction Act should help spur investment in this area. The real tell was the big money leaving the Aug. 19 8 calls into the Aug. 19 9 calls.
A trader doubled their money on the Aug. 19 8s and rolled up to the 9s trying for a big home run after earnings. So far, they have been right.
I like the September and longer dated calls in CLNE. It was a $20 stock when green was all the rage, and it has real revenue and earnings – something most green plays lack.
Trade CLNE with us in Capitol Gains.
The Rundown
Big Money Shopper
Mark and Licia went gunning for calls in Calrus Corp (Ticker: CLAR) and did not miss with a 53% gain.
To Your Trading Success,
AG