Merlin Buy: NIO

Stop right there my stock market trading friend! I have something to say.

It’s your old pal Merlin here with a quick little message about a trade I took today inside #M3Options.

I bought NIO October 8 Calls at .40 and the reason is really simple and easy to understand.

Check this chart out.

niobuy

The stock is making a push to a new low since its little IPO run, and I think it is due for a “snapback” rally or breakout of this little wedgie looking pattern here.

Never forget though, I could be dead wrong here and this stock could just keep going lower. This is why I always position size correctly which is something I teach to #M3Options members everyday.

Have great one fellow market lovers and we’ll catch ya on the flipside!

 

-Merlin

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