If that were the case why would there be a rush to spend $ 600,000 in one day when Fed Panel Date is June 17th. Stock has not rallied of late so there is no urgency to use this strategy. I would understand it if we kept rallying every day then the short position would want to cover their losses but we have been going sideways of late.
This points to something else especially when it is such big money on options which are not even in the money.
My gut tells me, ETRM has been approached by interested party. A buyer would certainly get them at a cheaper price now than when thumbs up in June 17th especially when odds are almost 99% to 1% for approval.
So we RALLY even harder until earnings and then it depends on numbers. I expect strong surge in revenue so another pop on earnings followed by a few days of panic buying.
Add 3 more cities at 100,000 cars each and you have 400,000 cars easily in these garages.
That is $ 4 billion in Revenue. Not counting hotels and sales to individuals,....
Kandi can produce 300,000 cars per year so $ 3 billion per year in Revenue
This is a little history of just the one city, add the the others huge cities which Kandi states have expressed interest and you can see that KANDI will be selling lots of EV cars to become the leader in China.
Here is the article:
In July 2012 Kandi Technologies signed a strategic cooperation agreement with the city of Hangzhou to supply 20,000 electric vehicles for the city's pilot electric vehicle leasing program.
In February 2013, Kandi and Shanghai Maple announced the establishment of a 50:50 electric vehicle joint venture, Zhejiang Kandi Electric Vehicles Investment, with an initial registered capital of 1 billion yuan (US$160 million). The joint venture is planned to focus on the research and development, production, marketing and sale of electric vehicles in the Chinese mainland. The joint venture agreement was signed on 22 March 2013. Mr. Shufu Li, Chairman of Geely Auto will be appointed to be the first Chairman of the JV Company and Mr. Xiaoming Hu, Chairman & CEO of Kandi will be appointed to be first General Manager. 
The Kandi public EV CarShare concept is based on Hangzhou’s bikeshare, the largest bikeshare in the world and the first of its kind in China. The bikeshare has since spread from Hangzhou to 19 Chinese cities including Shanghai and Beijing.
Kandi’s plan is to build with both Government and “outside” support, 750 of these garages in just the City of Hangzhou over the next four years through a 50-50 joint venture with Geely Automotive, China’s largest passenger automaker, which would require some 100,000 Kandi electric vehicles to stock them. This model is slated to spread to other cities and regions like Shanghai, Shandong, and Hainan. Two garages were just completed in Hangzhou over the past two months and another 18 are currently under construction as of two weeks ago.
Tesla will be able to gather a great share of the pie if they partner with Kandi, than if not, especially in China. Just how many $ 180,000 cars do you think Tesla can sell before they hit a brick wall where price is an issue once all the millionaires are out of the way. Kandi will give them a cheaper model for the masses. Remember you want as much of the market as you can and Tesla does not want to see Kandi get the whole world while they get their 1%.
HEADLINE: breaking....CEO Elon Musk To Confirm Tesla Motors (TSLA) Partnership With Kandi Technologies Group (KNDI) Predicts Sierra World Equity Review.
Sierra's leads indicate that the partnership that Sierra called first will be announced within the next 21 days, watch for the official press release and remember when it happens Sierra told you about it first!