NIO: collected full premium from these covered calls when it expired worthless on 7th Mar.
Strike were at $5.5 market close at $4.47 on a much more bearish week.
NIO price continue to be weak even when some of the China stocks had been rallying.
EV competition is great and capital intensive so have to treat such counters with caution for long term investments.
Eventually some of these might cease to exist or consolidated into larger companies when the funds runs out.
Hope NIO is well capitalise enough to weather these.
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