NIO is out in front of it’s skis, 10/23 target $24

NIO is out in front of it’s skis lately, my 10/23 target is $24. Although long term I’m long on NIO even though it’s lost money its last 4 quarters In a row. Considering the excitement in price action last week, this is a contrarian play on recent sentiment, but it’s a realistic play if I listen to what the chart is telling me. Good luck and happy trading friends...

Trade active:

Executed 27/28 Strangle

Trade closed manually:

sold 28 call at 9:36am & 27 put at 10:19am. made a tiny profit with timing, I'n not going to sit around for -theta. I can always go back in if I see better movement, but no movement ain't good for a strangle...

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