In Monday’s Blitz Daily, we take a look at Chinese EV company Nio as shares rally to start the week.
Monday saw a lot of call selling. Normally in the Blitz Daily, we talk about the top institutional order flow with call buyers...
But as the Nasdaq and S&P 500 continue to sell off, we're seeing downside bets rule the day with put buying and loads of calls being sold in the market.
Traders came after our good friend Nio as shares close in on new three-month highs, gaining about 13% and outperforming other companies in the Invesco Golden Dragon China ETF by more than 6.5% over that period!
Bears were knocking on the door Monday, ready for the party to end.
But that’s not the only overcharged stock seeing bearish flow today. I have two more options plays waiting inside...
Well, thanks to this stock market trigger that’s already allowed me to lock in winners like 36.92% on APTV in seven days… 53.66% on PWR in four days… and even 83.87% on ALB in six days....
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