01-08-2021, 06:39 PM
Mike, pure speculation play.
To poor to play with Tesla. Actually like the business model of NIO, the way I understand it you buy the car and pay a subscription fee to "rent" the batteries and can pull into a charging station and in a few minutes swap out the batteries and away you go on your trip instead of waiting to charge your own battries.
On this particular trade 11/27/20 sold $50 put 1.58 premium got assigned 12/4
sold 12/11/20 $51 call .64 premium expired worthless
sold 12/24/20 $51 call .51 premium expired worthless
sold 1/8/21 $51 call 1.19 premium
NIO closed at ~58 today so gonna get called away
To poor to play with Tesla. Actually like the business model of NIO, the way I understand it you buy the car and pay a subscription fee to "rent" the batteries and can pull into a charging station and in a few minutes swap out the batteries and away you go on your trip instead of waiting to charge your own battries.
On this particular trade 11/27/20 sold $50 put 1.58 premium got assigned 12/4
sold 12/11/20 $51 call .64 premium expired worthless
sold 12/24/20 $51 call .51 premium expired worthless
sold 1/8/21 $51 call 1.19 premium
NIO closed at ~58 today so gonna get called away