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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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Polestar Tumbles After A Reverse Stock Split.

Here is this mornings chart.
There is a bit of a technical glitch in the Calls and the Puts with no open interest numbers and impossible bid and ask numbers.
When you look out further to January options you will see that the situation remains the same.
When you see a chart like this it's best just to stay away. I will do an update later when the interest in these options get sorted out. The company continues to lose money. Polestar later in the day. This was a 1-for-30 reverse stock split.
Polestar continued to drop on the following day.
** Now a December 28th update.
They continue to advertise heavily on football gaames. Have they learned anything from their past mistakes? How did they turn things around?

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