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.
Comment:
Assuming that this will bounce off the intraday support, but weirder things have happened with NIO
Comment:
Flipped my puts at support, might re-enter the trade at EOD
Order cancelled:
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
Trade active:
Just 3 put contracts... for kicks and giggles
Will add if it closes the gap from this morning next week.
Will add if it closes the gap from this morning next week.
Trade closed manually:
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.
I doubt NIO drops much more than 5 - 6% today anyways. Plus a win is a win.
STill bearish long term on this stock.