$NIO BUY THE DIP!

2 Ara 2020

Alright a lot of you probably interested in this one, NIO been pulling back much less than it's peers and for good reason. They practically own the infrastructure space in China for EV at the moment with their services and battery swap stations. Any weakness in this name be a good reason to add shares for longer term. I been selling weekly puts for over a month now on this name trying to acquire shares without luck, but getting paid to wait is not a bad idea. This be the time to start going in. I sold more puts for $40 and $36 today. If it pulls back to the $30 area, I'm going to back up the truck on this one. Support areas around $41, $38 and $33, should not go lower than that, if it does, load up on those leap options.