NIO: collect 3.25% premium on these covered calls with strike at $4.
Contracts expires in 7 weeks on 22nd Aug.
Been thinking of selling off NIO for underperforming but decided to give this another run towards the next earning on 4th Sept.
By 22nd Aug on expiry, price should Diether moved higher or drop lower if market news about its quarterly performance becoming clearer.
Over longer periods, might be existing the EV holding portfolio as the competition are intense and the constant price cutting are eating into everyone's margin.
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