Then Analyzing the options chain of NIO prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $0.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
NIO trading at $8.75 after earnings, calls up at least 50% at that point, haven`t monitored the market closely. It went lower before the market close.
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.