NIO had a sell off, an offering and had 2 lows in around the same price. Is this the bottom?
Long against $41.89 support
Equity, naked put or credit put spread to play.
It may chop for some time before actually rebounding, so burning theta on long call is more risky. Maybe scalps.
Hourly candle closing under $40 invalidates the idea
Long against $41.89 support
Equity, naked put or credit put spread to play.
It may chop for some time before actually rebounding, so burning theta on long call is more risky. Maybe scalps.
Hourly candle closing under $40 invalidates the idea
Trade active:
Buying and Selling credit put spreads on dips