NIO headed to next support

11 Ara 2020

Broke the support from a few days ago, appears to be headed to $38. Funds appear to be rotating away from EV stocks, not gaining traction on the market rebound.

11 Ara 2020

Not

Assuming that this will bounce off the intraday support, but weirder things have happened with NIO

11 Ara 2020

Not

Flipped my puts at support, might re-enter the trade at EOD

11 Ara 2020

Emir iptal

Not so much cancelled as delayed. Based on the afternoon bounce off support, I'm thinking it's gonna gap up Monday, so might as well wait to re-enter

11 Ara 2020

İşlem aktif

Just 3 put contracts... for kicks and giggles

Will add if it closes the gap from this morning next week.

14 Ara 2020

İşlem elle kapatılmış

Made some decent beer money and flipped the puts so I don;t have to watch the market whipsaw today after the big gap up.

I doubt NIO drops much more than 5 - 6% today anyways. Plus a win is a win.

STill bearish long term on this stock.