NIO Long The Safer Way 15 strike Nov Earning day play:
SELL DOTM PUT NIO 18 NOV22
FOR $2.13
Strike 15 ROI =15/2.13= 14.3 %
Target support zones 13-16 target resistance 27-30
*** 2 outcomes
a) Stocks close above 15 By EXP in November we make an income 14.3%
b) Stock Tanks because of delisting fears or geo political USA china We get the asset stock at 15 strike - credit received $2.13= $12.87
Safety of margin current stock price 22-12.87= 9.13 trade structure safer
Hope it helps
Marc