More Upside Likely For iShares Global Clean ETF In Next 5 Weeks

More Upside Likely For iShares Global Clean ETF In Next 5 Weeks

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Global Clean Energy ETF ICLN traded more than 9.5 times its average daily call volume on Monday. The options market saw a lot of institutional activity, he added.

Check out other stocks making moves in the premarket.

There were buyers of 21,937 of the September weekly 24-calls at an average price of 72 cents per contract, Khouw mentioned. Traders expect shares of iShares Global Clean Energy to rise by 10% in the next five and a half weeks, he added.

ICLN Price Action: Shares of iShares Global Clean Energy gained 0.45% to settle at $22.51 on Monday.

Also Read: These 3 Renewable Energy Stocks Offer Generous Dividend Yields: Passive Income For ESG Investors 

Posted In: CNBCMichael KhouwOptimize AdvisorsLong IdeasOptionsMarketsMediaTrading Ideas