NIO IPO-d again, what are u doing and here is my plan of action.

Discussion in 'Options' started by ggelitetrader000, Sep 13, 2018.

  1. it is up ~40% today and snatched 500 count equivalent of 5 options since options are not available. Once in few weeks or few months, hopefully, options will sprung up and thinking about protecting it with a PUT options considering it is going to have a wild run:

    Things I found about NIO:
    - their SUVS are cheaper and better than TSLA argues, who knows.
    - huge domestic market in china backed by government
    - many chinese wanna-bes tried and failed doing EV.
    - so far sold only few millions worth of cars compared to TSLA.
    - need to make billions to break even.