hungry_hippo

NIO headed to next support

hungry_hippo Zaktualizowano   
NYSE:NIO   NIO Inc.
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.
Komentarz:
Assuming that this will bounce off the intraday support, but weirder things have happened with NIO
Komentarz:
Flipped my puts at support, might re-enter the trade at EOD
Anulowano zlecenie:
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
Zlecenie aktywne:
Just 3 put contracts... for kicks and giggles

Will add if it closes the gap from this morning next week.
Zlecenie zamknięto ręcznie:
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.
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