I opened
$NIO 20241122 7.0 CALL$ ,NIO: collect 2.25% premium from these covered calls with strike at $7 which is 22% higher than current market rate. contracts expires in 24 days on 22nd Nov. NIO broke out of its 200 days MA but yet to show sustained momentum upwards. Will need positive catalyst from the Chinese gov or on EV market in general.
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