NIO: collect 1.25% premium on these covered call with strike at $7 which is far out and 50% higher than current market price. contracts expires in 37 days on 20th Dec.
Try to sell them at my holding cost so as not to lose the capital, as it continue to drop, will consider to release the capital for other trades. TSLA definitely is poster boy for Trump carry trade and NIO stands on the other end being the competition for EV market and Chinese tariffs looming once Trump administration takes over.
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- flixzy·11-14It's smart to mitigate losses while exploring options.LikeReport
- JudyFrederick·11-14That’s an interesting strategyLikeReport
- 梓坚·11-15👍👍1Report