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.
Note
Assuming that this will bounce off the intraday support, but weirder things have happened with NIONote
Flipped my puts at support, might re-enter the trade at EODOrder cancelled
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-enterTrade active
Just 3 put contracts... for kicks and gigglesWill add if it closes the gap from this morning next week.
Trade closed manually
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.