$NIO Inc (NIO.US)$ friday is always garbage disposal day [To...
$NIO Inc(NIO.US$ friday is always garbage disposal day
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ramenbowl : actually Friday is a good day for a pump because most options expire on this day and traders that bought calls will be forced to exercise their options. the sudden surge in price u saw just now was a very good example of options induced squeeze. So if the trend don't continue, it just means that these traders also sold their stocks almost as immediately when their options were exercised, which is usually a sign of lack of confidence in the stock.
putter OP ramenbowl : Im aware of the huge volume of swing trades on Nio so im thinking the resistance will remain at 38-40 till Q3?
101512620 : "forced to exercise their options", do you even know how option work?
ramenbowl 101512620 : maybe ur English better care to explain in your words?
ramenbowl putter OP : we are in q4 already brudder. I take it as a typo haha. may I just add that if indeed the s&p corrects in September we may see the low 30s again for NIO.
mrbanana ramenbowl : Bro q4 Start in October and ends in December
ramenbowl mrbanana : noted thanks.
mrbanana ramenbowl : Yeah that make laughing a lot hahaha to be honest it just a shock to me that u dont know q4 , averaging down and etc
disappointed tot got time to spend all Night long with u, but now i think Better spend to something else
ramenbowl mrbanana : go pcc or geylang lah more suitable for ppl like u
JonnSG ramenbowl : Horizontal trading, time decay, kill and call near 40.