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: pros: - their SUVS are cheaper and better than TSLA argues, who knows. - huge domestic market in china backed by government cons: - 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.