this was put on before earnings. I also brough some at the same time. Good hedge It was .20 looking to closed by EOD. Some time its good to be in with the big guns. They knew earning will be bad. Still long and strong.
Until next earnings release. Terrible earnings last qtr. I'm Long this stock and will stay long for a long time to come. It's a good time to reinvest the distribution.
The only thing I can think of is retail paying up and Institutions selling these options at elevated levels easy money for OTM writes...
keep dreaming. Someday you will wake up to reality. Autos are not the major source of pollution It's Industrial emissions causing the smog Clean that up and you will solve the pollution issues. Electricity production in form Coal power plants, the majority in China is a good place to start. And yes The Chinese like fast and powerful cars and that's a fact look at the sales figures from GM, BMW, Audi, VWand Ford.... Those Chinese that can afford a car are not going to buy an EV with a Max speed of 70KM/h and a range of 50KM that looks like a golf cart...
See specs for your self. Max speed 70KM/h, Real range 50Km. and you call this a car for the masses. LOL.
Only watching price action not in the stock.
Think about it. This is a soup up golf cart. It Will never ba a car for the masses as some here claim. Been in china a they want fast cars with power to spare same as everywhere else. Stop dreaming people.
Cars are not the major source of pollution in China. Traffic jams are that's a given. Industrial activities such as factories, coal power plants create 90% of the pollution. FYI... Not in the stock at this time.