The Stock Nio. Do You Know It?

Interesting action this week. The company had an earning report but more importantly was a release of the number of units they have recently produced. They are still as of yet to break even. The day they break even will be a day to rejoice. Once again all investors really care about are production numbers. This has being an exhausting ride for buyers who bought the stock back at $40.00.

It's jump from four dollars to five dollars has being noted. Look first at it's one day chart above and the volume of trading on the five series of Call late into the action on Friday afternoon.

Sometime after 9:58 a.m. when we first looked at these Calls at $.06 cents or six dollars a contract they sold down to $.02 or two dollars a contract and then rebounded back up to a high on the day of $.20 or twenty dollars a contract. Is any this action playable? Well in this case the options jumped up in about a fifteen minute period of time. If you look at the one day chart you can kind of figure out when that was. You would of have being kind of quick to catch both the highs and lows. In two of my past three blogs I focused on the topic of playing five dollar Call options. They are scary. Anyone buying the $4.00 series of Calls on Nio at the start of the week have done very well. Some people don't like the transparency of Chinese companies. I get that however Nio has become a global player in the electric car industry. Once again , options on five dollar stocks can sometimes suprise. **Nio was the most activity traded stock on NYSE this week up $.98.or 24.3%. Nio popped again ion the following Monday, Sept.9th. Options on a five dollar stocks can sometimes be on fire.