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.

Mullen : A Quick Read On A Fascinating EV Development - Updated December 2023

The companies CEO has written this letter to his shareholders. First a look at how the stock is trading.
So here is the thing. There will be more investigated news coming out shortly on how the stock is being manipulated. Good luck on trying to figure that out. Amazingly the company has gotten this far and they are promising new vehicle deliveries in the next five weeks. That will be a major acheivement. Yet they will still need more money if they want to open up a new 650,000 square foot factory. This qualifies as a junk stock and most people would never waste their time following stories like this. It is however interesting. David Michery is not having fun times. *** Look at what has happened in the time it took me to write this blog, it dropped another 13%.
Now look at an end of day chart and the volume trading. One day reversals like this are rare.
It's back up again to $.74.** A Sept 3th update. Michery spoke out on a talk show called "Making money with Charles Payne which aired on Fox Business". He offered the following comparisons. The stock continues to fall.
What a crazy month of trading.** An Sept 15th and 18th update.
This stock still has a following. If Ford and G.M. are losing money how can a small little company like this ever make a go of it? Good question. Traders however still seem to like the action.
Now a December 2023 update. If you want to start watching this stock from this time forward you can.
It's still an exciting story.


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