hungry_hippo

NIO headed to next support

hungry_hippo Actualizado   
NYSE:NIO   NIO Inc.
Broke the support from a few days ago, appears to be headed to $38. Funds appear to be rotating away from EV stocks, not gaining traction on the market rebound.
Comentarios:
Assuming that this will bounce off the intraday support, but weirder things have happened with NIO
Comentarios:
Flipped my puts at support, might re-enter the trade at EOD
Orden cancelada:
Not so much cancelled as delayed. Based on the afternoon bounce off support, I'm thinking it's gonna gap up Monday, so might as well wait to re-enter
Operación activa:
Just 3 put contracts... for kicks and giggles

Will add if it closes the gap from this morning next week.
Operación cerrada manualmente:
Made some decent beer money and flipped the puts so I don;t have to watch the market whipsaw today after the big gap up.

I doubt NIO drops much more than 5 - 6% today anyways. Plus a win is a win.

STill bearish long term on this stock.
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