Selling the 65 April 16 calls. The entire EV space has been in decline in recent weeks and in the near term the trend might be flat to bearish. Because of the high implied volatility selling far out of the money calls might be a good way to play to the downside.
i bought this stock with 61.5 dollar. i lost more than 1000 dollar . what do u think i should do? hold ?
jarne1203
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@nournatout, hold, it will most likely bounce back. May not be until Q2 but if earnings are good, it will.
You don't lose your money until you sell, good to remember that.
rareOrange96657
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HOLD
schneidtmanuel
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@jarne1203 This is stupid advice. 1. You don’t know his financial situation 2. There are no earnings although this company is valued at 100 billion $
jarne1203
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@schneidtmanuel, Nio's Q1 earnings will come in March 1ste and you should never invest money you 'need'.
Xand3r_
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@jarne1203, I can only fully agree to this advice. Im in the same boat as Nournatout and lost also some money, bought some at 54.50, but i refuse to sell. Reason is simple, the stock is been played by the instituations. 1st target was for this stock in January was eoy 350dollars per share, after GME crisis it was set to 100dollars, now the last 2 weeks you can see in the graphs that the stock is hammerred down.
Im not going to sell, you know why?
Vacancies were open in Norway for finance analysts to check the EU market. reddit.com/r/Nio/comments/knco42/added_today_on_linkedin_jobs_for_norway/ US vacancies were also open to explore the US Market.
I wonder what happens with this stock if NIO is going to produce cars for the EU and US market. Does any one really think it will stick to 50 or 60 dollars ?
This today or this week is just a moment in time.
This is not a financial advice, this is what i know and holding onto for not selling my shares.