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Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

Nio Calls. Please Read My November 18th Blog First.

It happened again.
A little drop on a weak Monday morning opening and then a rocketblast upwards. I my last blog I called it exhausting.
All this action happened in the first thirty minutes of trading. Was it news related? No. The disemination of news can't happen that quickly. If you like playing short term dangerous options then watch this stock closely.
Here is it's end of day readout. Tomorrow the same craziness will start all over again.
A Nov30th update.
Now the entire day.
173 million shares traded on the day! Trying to play options on them with two days now to go would be tough. * A Friday review and a reason for all of this activity.
Remember this stock once traded much higher. *** A December 10th update. NIO was the NYSE most active share traded by share volume. It is one to watch.

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