HomeInvestingOptionsMorning Trade: Short-Term Bearish Put Spread On Nio Inc. (NIO)
Morning Trade: Short-Term Bearish Put Spread On Nio Inc. (NIO)

There is some significant pressure on the stock of Nio Inc. (NIO) right now, says Scott Bauer, CEO Prosper Trading Academy. He doesn't see anything in their upcoming earnings report that will be bullish. Scott thinks Nio may be a candidate for a buyout. His trade is a bearish put spread. It is the April 14 $20/$17 put spread with breakeven of $19.30. Tune in for the details of the trade and his outlook on Nio Inc.

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