electric car stock

Credit Spread on NIO – 1.45% potential income return in 10 days

NIO 10 day expiryChinese stockselectric car stock
On August 11, 2020, we sold a bull put credit spread on the NIO stock with an expiry set in the next 10 days. For this trade, we get a premium of $0.23 per share (before commissions) NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric autonomous vehicles.  Here is our trade setup: BOT 1 NIO AUG 21 '20 - 12.5 + 11.5 Put Bull Spread  -0.23 USD  For this trade, we got a premium of 18.2 USD (after commissions) or a 1.45% potential…