SpreadEagle71

NIO: Covered Call

Long
SpreadEagle71 Updated   
NYSE:NIO   NIO Inc.
Bought NIO for $11.60
Sold Sept 1,2023 Call for $0.63

Net Debit = 10.97

Return if flat:
0.63 / 10.97
+ 5.7%

Not exactly a 20 cross on sniper stochastics but it does bounce off the 50%. The three lines of the Sniper Stochastics are together as one. This is extra strength.
The OBV is green.
Comment:
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