punitarani

NIO Naked Put and Strangle

punitarani Updated   
NYSE:NIO   NIO Inc.
Short the 25-strike put for $1.30 Credit. 75% POP and only $740 BPE for a decent 17.5% ROC.

Short the 25-55 Strangle for $2.10 Credit. About a 1SD Strangle and has a similar $740 BPE for a 28% ROC.
Trade active:
Close Short Put. Currently trading for $0.45 resulting in a 65% or $0.85 per contract profit.
Trade closed: target reached:
Close Strangle. The 25-55 Strangle is trading for $1.1 resulting in a $1 or 47% profit per strangle.
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