Buying Swing: buying NIO 42 puts at 1.90s 5X OVERSIZED so far for next week expire but, will accumulate up to 20X overs

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MMASSASSIN
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Buying Swing: buying NIO 42 puts at 1.90s 5X OVERSIZED so far for next week expire but, will accumulate up to 20X overs

Post by MMASSASSIN »

Buying Swing: buying NIO 42 puts at 1.90s 5X OVERSIZED so far for next week expire but, will accumulate up to 20X oversized of these puts, happen to be monthly options. I have been waiting for NIO to get above 46 to begin bearish positioning. I will continue adding both next week and next month puts from here. This is a level we have been waiting to go bearish on NIO for a long time and now we will move aggressively bearishly . Beautifully over extended now, so a pull back could be very sharp.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
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