Power Plays Options
Update: Close NIO Calls
February 27, 2025
By Scott Redler
I'm going to close out the NIO March 7 $5 Calls here.
NIO is looking much better technically, putting these calls just barely in the green.
The problem is that these calls expire next week.
So if NIO goes sideways or down near-term, these calls could turn into a loss.
That's why it makes sense to cash out for a small gain.
I'll look to reload a NIO position into weakness.
-Scott
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