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NIO more downside risk but still bullish
NIO Inc.
Long
NIO more downside risk but still bullish
By goledger
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Feb 19, 2021
2
1
1
Purchased Jan 2022 $45 calls yesterday, to open new position. Already owned May $40 calls.
Projecting downside risk as $48 to $50. My conviction is waning, but not broken yet. Will sell out my
XPEV
before booking loss on NIO May contracts.
Also bought
F
shares yesterday.
____
Stick to your strategy when the market gets ugly.
Support and Resistance
Trend Analysis
goledger
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