goledger

NIO more downside risk but still bullish

Long
NYSE:NIO   NIO Inc.
Purchased Jan 2022 $45 calls yesterday, to open new position. Already owned May $40 calls.

Projecting downside risk as $48 to $50. My conviction is waning, but not broken yet. Will sell out my $XPEV before booking loss on NIO May contracts.

Also bought $F shares yesterday.

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Stick to your strategy when the market gets ugly.


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