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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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A Follow Up To My Recent (April 27th) " Nio" Blog

Nio was the tenth most actively stock traded by share volume on the NYSE this week. It often makes the top five list. It's a company making Electric vehicles. One caveat is however that a few years ago this stock was was trading at a much higher price. Ironically that's when it was losing a lot of money. Now it'starting to make money for the first time. Look at it's five year chart.
The short interest in Neo is around 6% which is not that big deal. It's a difficult stock to play options on. All options on stocks in this price range are difficult to play options on. Also their monthly vehicle production numbers (which somehow miraculously appear on the very first day of each month) can be all over the map. New models are always being introduced while older models seem to disappear. BYD is also experiencing the same issue.
Did the stock explode this week after releasing these production numbers? No. Here is it's one week chart.
Here is how the "six-series-of-Calls" which expire on May 8th closed out the day on Friday.
This might be the week when this series of Calls surprise. Look at how they opened on Monday morning.
Let's see what happens. *** Moving forward to May 13th, Nio had one of those highly anticipated jumps.

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