NIO Naked Put and Strangle

Mar 26, 2021

Short the 25-strike put for $1.30 Credit. 75% POP and only $740 BPE for a decent 17.5% ROC.

Short the 25-55 Strangle for $2.10 Credit. About a 1SD Strangle and has a similar $740 BPE for a 28% ROC.

Apr 1, 2021

Trade active

Close Short Put. Currently trading for $0.45 resulting in a 65% or $0.85 per contract profit.

Apr 7, 2021

Trade closed: target reached

Close Strangle. The 25-55 Strangle is trading for $1.1 resulting in a $1 or 47% profit per strangle.