is far overextended. Late October i picked up 28c 11/20 NIO
and sold out around 34, its parabolic nature fightened me as i felt the company was not evaluated proportionately to their recent run up. What goes up must come down, this smells strongly of NKLA. NIO
has only produced in total 52,000 vehicles, and they are valued around 50 billion.
Reverse rising wedge
, expecting NIO
to dump at ER
I dont like to play earnings
much, but buying some lotto ticket contracts could benefit you great without risking more than $10-20.