Power Plays Options New Idea
NIO Calls
January 30, 2025
By Scott Redler
I'm adding this position in Nio (NIO) for Power Plays options:
- Long NIO March 7 $5 calls
These calls look good in the $0.20 to $0.30 cent area (or lower).
Nio is building an uptrend and looks set to break through the $4.40-$4.50 area, which could mean a slingshot much higher.
I'd file this under the "high-risk, high-reward" category so mind your sizing.
-Scott
P.S. Power Plays Options is technically a "1 new idea per week" service, and this is our third new one of this week. But sometimes, we'll have an odd week without something specific to do. And of course, I like to surpass expectations because I appreciate you putting your faith in me. Have a great day!
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