Put setup:
Ticker: NIO
Type: Put
Strike: $6.00 OTM
Expiry: 3 weeks
Thesis: too much optimism already priced in, executation risk is real, and dilution/cost pressures provide significant downside. If Nio breaks below key support levels, downside to $4-$5 is possible.
My thought on $NIO
Given the current setup, a call could be appealing if momentum continues, but downside risks are strong, a put hedge or cautious play could help valid.
Call setup
Ticker: NIO
Type: Call
Strike $9.00 OTM
Expiry: 3-4 weeks
Thesis: has momentum, recent delivery/model launches, and capital from equity raise. If execution holds and the EV narrative stay hot , this call can play off big.