Citron released a short report on NIO, this is the same people that made NKLA go from $40 to $20. Their price target on NIO is $25 which is very possible considering they rallied north of 1000% this year. I am holding Nov 27 puts, earnings on Tuesday.
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Let me update this since there is lots of controversial comments, NIO fell 10% after last earnings and then had an offering which resulted in a further drop. If you view my TradingView profile you know I have been bullish real early on. I think this is time for a retrace though.