Nio Inc - ADR (NYSE:NIO) shares are trading lower by 1.4% at $44.52 Wednesday afternoon.
Weakness appears related to overall market weakness as well as investors watching for possible policy shifts this afternoon and the central bank's plan, or not, to handle inflation. Investors are also watching for news on interest rates, as a rise in rates could weigh on growth and technology stocks.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Nio operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence.
The stock has a 52-week high of $66.99 and a 52-week low of $6.50.