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cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
23604 posts

re: NKLA down 11% today to $51/share
quote:

friends. another great buy is $SOLO. both electric and stylish and sophisticated. bill gates owns one.

this will print for us bigly. I bought at $4 and have been stacking gains every since. cya and gl to all.

Image: https://i.imgur.com/QAcZbEA.png


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60
Privateer 2007
UNO Fan
Member since Jan 2020
2122 posts

re: NKLA down 11% today to $51/share
NKLA is Theranos part 2.


cadillacattack
Auburn Fan
the ATL
Member since May 2020
1020 posts

re: NKLA down 11% today to $51/share

this is a stock that was trading at $65/sh just 90 days ago .... now at $18.xx today


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20
Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: NKLA down 11% today to $51/share
quote:

Anyway I bought puts on this thing last week and they’re doing pretty well. It might turn out that Hindenburg and Citron are bullshiteting. But the stock will plummet for a while and I’ll make money


Alright, all I want to know is what kind of Ferrari or Porsche are you shopping for? I say go with a 911 GT3.

Seriously, have you closed these out yet or still riding the wave? Excellent call. Great score.


go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
8604 posts

re: NKLA down 11% today to $51/share
It’s going to get worse.


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: NKLA down 11% today to $51/share
You'd think so, and maybe it will. But it's up 19% on the day right now. It's a schizophrenic and hard to predict company and stock. But for the crazy brave, it appears to be a long/short daytrader's dream date (could be Lorena Bobbit on some days though).

I'm still selling far OTM options because the premiums are outrageous, based on the outrageous IV.


Upperdecker
LSU Fan
St. George, LA
Member since Nov 2014
22889 posts

re: NKLA down 11% today to $51/share
Yea I had closed out after the large drop. Missed the opportunity earlier today unfortunately


cadillacattack
Auburn Fan
the ATL
Member since May 2020
1020 posts

re: NKLA down 11% today to $51/share


quote:

Nikola talks up hydrogen potential

Nikola (NASDAQ:NKLA) showed off its prototypes to the hydrogen yesterday at an event that also covered the company's patents and strategy to be a technology integrator.

The presentation coincided with National Hydrogen and Fuel Cell Day 2020. Nikola noted it has developed core IP related to, among other things, vehicle integration and hydrogen storage and fueling, and continues to work with its world-class partners to develop next-generation standard fueling hardware and advance hydrogen fuel cell-based transportation.

"Nikola is creating an ecosystem that integrates next-generation truck technology, hydrogen fueling infrastructure and maintenance. By removing commercial trucks from the carbon equation, Nikola is fulfilling our mission of leaving the world a better place," said CEO Mark Russell.

Shares of Nikola are up 2% premarket


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go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
8604 posts

re: NKLA down 11% today to $51/share
I meant in real time, not forever, and it dropped approximately 10% after I posted that. The damage has been done to this company. I’d expect a range trade for a while, but I really have my doubts about the company. Too risky for me.

Hope others make money. Do not understand the thought process of hoping others lose money, but it seems real on this board since Covid.
This post was edited on 10/10 at 6:36 pm


LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
25417 posts

re: NKLA down 11% today to $51/share
Condors?


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: NKLA down 11% today to $51/share
quote:

Condors?


Sorry, you lost me. Buying or selling an iron condor?


TigerCrude
LSU Fan
Member since Oct 2019
751 posts

re: NKLA down 11% today to $51/share
I’ve lost about 200 on this buy. Spent about 500. Is worth cutting ties or you think it’ll go back up? Bought at 41.
This post was edited on 10/11 at 5:42 pm


jimjackandjose
Member since Jun 2011
4419 posts

re: NKLA down 11% today to $51/share
I would think you’d get a bump back there. Depends on GM deal finalizing and rebuilding confidence in the brand


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10
LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
25417 posts

re: NKLA down 11% today to $51/share
Sorry, you said you were selling premium, so I was curious if you were selling naked calls and puts, or if you were selling a combination of spreads (selling condors).


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: NKLA down 11% today to $51/share
quote:

Sorry, you said you were selling premium, so I was curious if you were selling naked calls and puts, or if you were selling a combination of spreads (selling condors).


Yeah, here lately I've been selling naked puts on NKLA + PLUG (or WKHS + PLUG - most weeks I'll pair PLUG with one of the EV makers). It's got outrageous IV (though the IV rank has dropped off recently) that especially shows itself on the put side because of the headline risk.

I haven't done a strangle or naked calls lately, just because the upside risk is more than I want with this crazy thing. And I haven't done any iron condors because buying the protective outer wings for two spreads is too pricey - and it's a lower priced stock that I could afford to have put to me without killing my buying power. So with that said, if I did any dual side strategies, I'd probably look at a jade lizard (sell a naked put below and sell a call spread above). Just make sure that your total credit equals or exceeds the width of your call spread and you'll have no upside risk.

I'm not totally afraid to have it put to me (at the right price), but I'd be looking to sell a covered call against it immediately. It's too schizo for me to want to own it longer term. I'm kind of doing the same thing with WKHS. I'll stay away from both of them when earnings approach though.

Are you playing these on the short (or long) options?
This post was edited on 10/14 at 9:02 am


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00
Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: NKLA down 11% today to $51/share
quote:

I meant in real time, not forever, and it dropped approximately 10% after I posted that. The damage has been done to this company. I’d expect a range trade for a while, but I really have my doubts about the company. Too risky for me.

Hope others make money. Do not understand the thought process of hoping others lose money, but it seems real on this board since Covid.


I gotcha. Same here. And although I don’t want to see anybody lose money, I’m just in these types of stocks for trading opportunities, typically on the option side. But there have been several times when I’ve had the other side of a trade (bullish vs. bearish or vice versa) from some people here and we’ve both made money. Since what I do is based on range probabilities, a positive outcome is possible for both trades.

But yeah, this one is risky. And it’s that high IV that draws me in... like a moth to a flame.


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
23604 posts

re: NKLA down 11% today to $51/share
dont tell mr perfect but i bought SOLO yesterday at 2.75


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: NKLA down 11% today to $51/share
I’ve gotta say, you seem to have a natural talent for stock picking. Seriously. Mr. Perfect... not so much.


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00
cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
23604 posts

re: NKLA down 11% today to $51/share
quote:

dont tell mr perfect but i bought SOLO yesterday at 2.75

sold at 3.30
not too bad LOL


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00
Shepherd88
Member since Dec 2013
3136 posts

re: NKLA down 11% today to $51/share
What’s the news today? Stock is down 15% currently and Reuters or anyone else has news pending today.


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