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Rivian. History Repeats Itself

Back on June 26th 2024 I posted a blog about V.W. injecting $5 billion dollars in Rivian. That's a fair chunk of money. Here are two clips borrowed from that blog. .... Rivian jumped on that news. It now has a future. Now look directly below at how it traded two days later. The good news from this event quickly dissipated. Now guess what? Look at what happened this week. There was a Rivian "good news" event again. Now here is how the stock performed this week on this news. Jumping into buying Puts on this news with two days of life left in them would have been the way to play it. Here is how two series of Rivian Puts traded on Friday. (For interest sake only, here is Rivian's three year chart. It has it's ups and downs). For the most part, Rivian is not a fun stock to play options on. That's a comment I often make about playing stocks in the $15.00 range. **** History doesn't repeat itself when it comes to where our readership is coming from. This i...

What Do You Think Is Going To Happen? "NIO" On The Opening

What's going on with "Nio"? Will this be an opportunity to make money? Sorry it's to late now to join in the party but just read this for the fun of it.
One day Call options that expire tomorrow. Is this a recipe for failure? It might be. It just looks to easy to make money on these ones.
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"NIO" Calls that expire at 3:00 p.m. today (Friday) and closed at $.24 cents on Thursday. $.24 cents really means $24.00 dollars. They jumped as high as $.43 on Thursday on the release of their good news. Let's see if they can jump again on Friday's opening. Now this, Nio in the premarkets on Friday morning.
So what happened?
It jumped again. The Calls hit a high of $.70. It helped the D.J.I.A. surged upwards.
North American option traders are for the most part afraid of option trading on Chinese EV stocks. This was a two day rare occasion of good news.

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