Then Analyzing the options chain of NIO prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $0.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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NIO trading at $8.75 after earnings, calls up at least 50% at that point, haven`t monitored the market closely. It went lower before the market close.