$NIO The best bracket for options selling this week for these shares is most likely selling $3 Puts and $4 Calls. Once the stock falls below $3.50 I would tighten that bracket to $3 and $3.50. With the company borrowing money with a conversion rate of $3.07, I would expect the shares are headed toward the $3.25 area. This is looking like a low margin, high probability trade.
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