NKLA

[Luigi]

Strong Buy

[zodium]

https://hindenburgresearch.com/nikola/

lol

[zodium]

this thread was well timed

[Jibartik]

Gonna make a great movie one day!

[Patriam1066]

this thread was well timed

Can you research WKHS? I have a lot of their stock and so far it’s paid out YUUUGE

[Gwaihir]

the better bet is to sell January 2022 put options at a 30$ strike....3000 returns 1550 in premiums with a 53% downturn required to break even or begin to take a loss on the investment, with a +53% 16-month gain if it finishes flat or up by any amount.

No reason to actually own the stock right now, it doesn't and won't be offering a dividend to constitute holding it, unless, of course, you're buying it to sell the also lucrative long-horizon call options; a bearish position.

Hope this helps.

[Patriam1066]

the better bet is to sell January 2022 put options at a 30$ strike....3000 returns 1550 in premiums with a 53% downturn required to break even or begin to take a loss on the investment, with a +53% 16-month gain if it finishes flat or up by any amount.

No reason to actually own the stock right now, it doesn't and won't be offering a dividend to constitute holding it, unless, of course, you're buying it to sell the also lucrative long-horizon call options; a bearish position.

Hope this helps.

I tried doing options years ago but I am not on the spectrum, didn’t work for me. You saying WKHS or NKLA?

I just buy stocks because I have enough money not to care about risk and because I’m actually decent at it, but yeah, I never figured out the options game

[elkboot]

I tried doing options years ago but I am not on the spectrum, didn’t work for me. You saying WKHS or NKLA?

I just buy stocks because I have enough money not to care about risk and because I’m actually decent at it, but yeah, I never figured out the options game

Are you Zoroastrian?

[Patriam1066]

In spirit

[Gwaihir]

I tried doing options years ago but I am not on the spectrum, didn’t work for me. You saying WKHS or NKLA?

I just buy stocks because I have enough money not to care about risk and because I’m actually decent at it, but yeah, I never figured out the options game


So, roughly speaking, lets say NKLA is trading at 30$ (even though its really at 31.25 approximately)

The sale of a put states that you will pay x price in future even if the price falls below that mark. For example 30$ at the end of january 2022, 16 months from now.

For guaranteeing you will pay 3000 for 100 shares at 30$ even if it drops lower than that, people are paying 1550$ for that guarantee, either as a hedge against complete loss of their $3125 investment (100 shares at 31.25 currently) or as part of their put-credit or put-debit of iron condor or strangle/straddle option spreads.

This surplus that theyre paying you for the obligation is what is referred to as a premium otherwise relatable to immediate cash back on your 3000$ investment.

After selling the 30$put, your broker withdrawls 3000$ from your cash account as collateral, and the buyer issues your broker 1550 to be returned to your account as "cash".

You can withdrawl that cash or you can use it to buy other stocks etc, but you dont get the 3000$back until the expiration date of the contract, and if the price is below 30, you end up woth 100 shares of the stock instead of your 3grand.

Contrarily if the stock price is above 30$ at the expiration, your 3000 is returned to your account because the option expires worthless and doesnt get exercised and you get the premium you collected 16 months earlier (today) on top of your original 3000 that was held for 16 months as collateral.

Seeing as how 1550 premium is 53% of 3000 that means you will profit at an expiration price anywhere above from 14.50/share with a maximum gain of 1550 on any price above 30.

A 20$closing price on expiration day would return you 100 shares worth 2 grand for example.

2grabd in liquidatable stock + 1550 in premium = 3550 back on 3 grand invested for 16 months.

25$ closing would mean 2500 in stock value +1550 in premiums = 4050 back on 3000 invested

10$closing cost would mean 1000$ back in stock value, 1550 in premium = 2550 back (450$ lost) on a 16 mo yh investment

35$closing means option expires worthless, you get your 3000 back and the 1550 premium

[Patriam1066]

Sounds Jewish, I don’t get it

[Gwaihir]

Now, on flipside of selling a 30$ put which suggests you dont believe the price will fall below 30$ by expiration suppose you arent so optimistic about a stock.... suppose you think it may go up to 35 in 16 monyhs but it wont go higher than that...what do you do?

You can buy 100 shares of a stock, and sell at 35$call for 16 months out and the broker will collateralize your 100 shares, while the buyer of the call whoch thinks it WILL be over 35 (or it may just part of an options spread bet) pays you the premium for guaranteeing you will walk away at 35$/share.

Currently, this option for january 2022 is valued at approximately 1400$...
So if the price doesnt go over 35 you get to keep the 1400 now...and the 100 shares in 16 months get returned

If the price DOES finish at, lets say 36$, you get to keep the 1400 BUT you have to sell your shares at 35$each for 3500+1400 on your 3,125 investment. So youve limited your gain to a maximum of 4,900$on your investment.

Lets so, however, that the price drops to 20$ in this event you would keep the 1400 but your 3125 stock value would drop to 2000 meaning you 275.

If the stock drops to 15 you get 1500$in shares back and 1400 i. Premium =225$ loss etc

[Gwaihir]

next lesson.

Suppose you're excited about NKLA and you don't think it will go down in value, but you don't think it will go over 45$ in the next 16 months....

you can buy 100 shares for 3125, and sell a 45$ jan 2022 call collateralizing the 100 shares for $1300

and

you can collateralize 3000$ to sell a 30$ jan 2022 put for $1600

This would return 2900$ in premiums on a 3125+3000 investment, and if the price closes at 50$ in January 2022 you will get 4500 for the sale of your stock, the 1300$ premium for the sale of the call option, the $3000 collateralized against the 30$ put option, and the 1600$ for the sale of the expired-worthless put option, against a total investment of 6125 (4500+1300+3000+1600 = 10400 max gain

or suppose the price of NKLA plummets to 20$, you would get the 1300$ for the sold call that expired-worthless, 1600$ for the sold put that expired $10 in the hole, 2000$ worth of your 100 newly bought shares that you paid 3000 for, and 2000 for the stock value of your 100 shares that are returned to you on an investment of 6125 (2000+1600+1300+2000 = 6900)

suppose the price plummet all the way to bankruptcy (0$)
you would gain 1600$ on the put option premium, 1300$ on the call option premium, and 200 shares in bankrupted and worthless stock. 6125 invested (1600+1300 returned = 2900



The only event in which you would come out "ahead" of said spread would be if 6125$ worth of stock now (196 shares at 31.25) grew more than 69.8% (price over $53.05) over the next 16 months because your maximum return on the spread is capped at 10400 with everywhere between a +33% gain and +69.8% netting you more profit on the spread than on the loss, plus you dont actually begin losing money on the spread until the stock falls below 16.13, because the intercept-point of the spread is (2x+1600+1300)-6125

aka
0=2x-6125+2900
2x = 3225
x=16.13 where X is the stock price on January 21, 2022.

[Gwaihir]

so, in closing, I'll reiterate, what's the point in committing to owning Nikola when optioning it long-term provides a -51% to +70% window with a mitigated loss of -55% in the event of bankruptcy and owning it requires a +70% gain with 100% downside risk to outpace the gains youll get from optioning it both ways and optioning it both ways also affords zero losses until price closes below 16.13 on Jan 21,2022 with irrefutable gains anywhere above that 16.13 y-intercept?


BTW, how I can understand this and you're left scratching your head wondering what I'm talking about speaks volumes about the intellectual disparity going on here on these forums.

[Gwaihir]

BTW the natural logarithm of 1.7/16months indicates that betting on NKLA directly over optioning means you are enthusiastic that NKLA will outpace an exponential growth rate of 3.31% per month for the next 16 months during a manufactured public health/economic crisis.

[Mario 7]

That guy created a scam to short the stock with his cronies

[Gwaihir]

Likewise, if you believe NKLA will remain between 20 and 45$ in the next 16months, you can option both ways for 3125 on 100 shares, sell a 45$ call, collateralize 2000$ and net 905$ in premiums on a 20$put, and rake in a max return of 4500+1300+905+2000 = 8705$on 5125 invested with a y-intercept of
2x =5125-2205
X =14.60 bottom limit for a breakeven with a max loss of 2,920$ in the event of bankruptcy for setting the upper limit at an investment growth at that same +70% for a profitability window of -53.3% to +70%

[Gwaihir]

Likewise, if you believe NKLA will remain between 20 and 45$ in the next 16months, you can option both ways for 3125 on 100 shares, sell a 45$ call, collateralize 2000$ and net 905$ in premiums on a 20$put, and rake in a max return of 4500+1300+905+2000 = 8705$on 5125 invested with a y-intercept of
2x =5125-2205
X =14.60 bottom limit for a breakeven with a max loss of 2,920$ in the event of bankruptcy for setting the upper limit at an investment growth at that same +70% for a profitability window of -53.3% to +70%

Be mindful, that in both scenarios the profitability of the trade = premium 1+ premium 2 + 1x where x is the delta of the increase above the current stock price x 100 for the 100 shares you do have to "own" in order to meet collateral requirements for selling the call option in the first place.

Example: suppose you move on the 31.25 stock x 100, and the 20$put, 45$call..

You pay 31.25 x 100

You collateralize 2000 for the put option

You collect 905+1300 premiums at 20 to 45

Price ends at 42.00

You have 100 shares =4200
Put option expires worthless =-0$
Call option expires worthless =-0$

You have:
4200 in stock
2000 in put option collateral returned
905 in put premiums
1300 in call premiums

Total return on 5125 is 8405 if you immediately sell those 100 shares to the market when they return uncollateralized

Example 2: price remains flat

You have:
3125 stock
2000 collateral
905 premium for sold put
1300 premium for sold call

Return 7330 on 5125 invested

Example 3: price drops to 25
2500 stock
2000 col
905 P1
1300 P2

Returned 6705 on 5125 invested despite losses on the parent stock.

Example 4: price plummets badly to 10.00 a nearly 70%drop
1000 stock
1000 of your 2000 in collateral is left because you have to buy 100 shares at 2000 from someone that just bought them for 1000 on the market.
905 in put premiums
1300 in call premiums

Returned 4205 an 18%loss on 5125 invested.




Had you invested 5125 in stock directly today, you would be down by 196 shares at 31.25/ea x 10$ to 1960 in stock which is 61.75% loss, comparitively

[Gwaihir]

Last example: nikola triples in value in 16months;
4500 in stock since youre forced to sell those sweet, sweet 300% gainers for 45 instead of 93.75
2000 put collateral
905 put premiums
1300 call premiums.
8705 returned on 5125 invested =+70%

Had you bought 196 shares for 5125 directly you would now have 18,375 for +200% gains.

So, investing directly in NKLA indicates you believe it has lots of upward potential past the +70% gain limit/and profitting on a stockloss of up to -53% is not applicable since its +70% in 16-months rangebound.

196x = 4205+100x
96x = 4205
X = 43.80 is the price at which buying 5125 in stock now exceeds the return you get on a 20/45 put/call spread that profits on losses, flat pricing and respectable gains.

[zodium]

I just buy stocks because I have enough money not to care about risk and because I’m actually decent at it, but yeah, I never figured out the options game

this is the correct position, you already know as much about options as you need to.

[BlackBellamy]

When Coleco came out with Colecovision in mid 1982 I knew the hype was real because everyone was starving to upgrade their shitty Atari 2600's so I checked the Coleco stock and it trading at like $8.

I went to my father and said father father you have buy Coleco because it's going to be a fucking rocket. And my father said son you are only 15 years old why don't you leave adult things to adults. So I told him here, here is $350 it's all I have buy Coleco for me and he was like nah it's ok. So I said I'm 15 but I have hair on my balls do you want to see? Can you please buy me 40 shares? So he bought me my 40.

11 months later we sold that shit for $65 per.

I bought a Honda CR480, a BB rifle, and an IBM Personal Computer with a CGA display. I spent the summer of 1983 playing M.U.L.E. and Ultima III and recklessly and illegally tearing through the local woods with a rifle on my back.

[Patriam1066]

this is the correct position, you already know as much about options as you need to.

Yeah I’ll never understand options

Nikola is a bad name, and it’s basically copyright infringement on the name “Tesla.” All around poor taste

[zodium]

Yeah I’ll never understand options

Nikola is a bad name, and it’s basically copyright infringement on the name “Tesla.” All around poor taste

as Gwaihir sort of gets at, viewed as independent bets, options are pretty much random noise. options make more sense when you view them as balancing tools, or side bets, that you use in conjunction with main bets. it's easiest to understand why they're random noise if you break down and interpret your bets. (obviously always crunch the numbers. the numbers are how we operationalize belief, but never forget the numbers are only as good as the information they represent.)

what am I betting on? what specific information supports my bet? can I know that? when I buy a value stock, I'm betting primarily on the future performance of executives, over time. when I buy a speculative stock with an eye to sell later, I'm betting on the future behavior of other traders, over time. "executives will pay more dividends/other traders will pay more, starting now." these are bets based on past and present information that's likely to be predictive over time, and hence profitable given disciplined investing. (anyone who incorrectly invokes "past behavior does not predict future performance" at this juncture will be summarily executed.)

if I bought options as a standalone bet, I'd be making a specific bet about one moment in time, in the future, while doing it in a manner which conflates information about company and market behavior. "this will be worth more or less than X, on this future date." what specific information supports my belief that Stock A going to be worth more or less than X dollars on exactly this date? do I have specific information the executives, or the market, will do something the days before? or even that they might? almost invariably, no. I have no information, nor could I. that makes no sense. this is a bet for rubes.

an option is a hedge, and a hedge supports a main bet. "I'll bet the market that NKLA will behave in this way over the next so-and-so-long, but just in case, since I'm not omniscient, I'll make a side bet with part of the market that it behaves this, this or this other way, to obtain a better overall profile." a good hedge is still informed by the same information as the main bet. it just expresses it differently. it's a bit like the difference between a point estimate and a confidence/credible interval, the interval goes around the point estimate. it doesn't make sense independently. options are like that too.

[Gwaihir]

as Gwaihir sort of gets at, viewed as independent bets, options are pretty much random noise. options make more sense when you view them as balancing tools, or side bets, that you use in conjunction with main bets. it's easiest to understand why they're random noise if you break down and interpret your bets. (obviously always crunch the numbers. the numbers are how we operationalize belief, but never forget the numbers are only as good as the information they represent.)

what am I betting on? what specific information supports my bet? can I know that? when I buy a value stock, I'm betting primarily on the future performance of executives, over time. when I buy a speculative stock with an eye to sell later, I'm betting on the future behavior of other traders, over time. "executives will pay more dividends/other traders will pay more, starting now." these are bets based on past and present information that's likely to be predictive over time, and hence profitable given disciplined investing. (anyone who incorrectly invokes "past behavior does not predict future performance" at this juncture will be summarily executed.)

if I bought options as a standalone bet, I'd be making a specific bet about one moment in time, in the future, while doing it in a manner which conflates information about company and market behavior. "this will be worth more or less than X, on this future date." what specific information supports my belief that Stock A going to be worth more or less than X dollars on exactly this date? do I have specific information the executives, or the market, will do something the days before? or even that they might? almost invariably, no. I have no information, nor could I. that makes no sense. this is a bet for rubes.

an option is a hedge, and a hedge supports a main bet. "I'll bet the market that NKLA will behave in this way over the next so-and-so-long, but just in case, since I'm not omniscient, I'll make a side bet with part of the market that it behaves this, this or this other way, to obtain a better overall profile." a good hedge is still informed by the same information as the main bet. it just expresses it differently. it's a bit like the difference between a point estimate and a confidence/credible interval, the interval goes around the point estimate. it doesn't make sense independently. options are like that too.


Correct, for "buying" options. The "advantage" in trading an option always goes to the seller of the option, since "time remaining until contract expiration" always carries a value that isn't commenstruate with the existing price schema.

This is why i suggest selling a below-market put, in addition to buying 100 shares and selling an above-market call that indicates your respectable "exit-point.

Investing in anything, without clearly setting criteria in which youd be willing to walk away happily is a fool's errand. How do you ever realize profits, if you have no exit point?

Anyhow, by hedging in this manner, only a major price pullback can thwart profitability, whereas minor pullbacks, flat pricing, and upward surges all net profitable, albeit you're limiting your exponential profit potential. Plus if its a dividend paying stock, youll still get any dividends dispersed on the 100 shares of underlying stock during the tenure of awaiting expiration on the entirety of the hedge. Furthermore, in the event of a major price 0ullback, the losses are mitigated in comparison to an unhedged buy with lambo expectations of mooning where you still won't sell, because now youre shooting for the moon's moon.

M-O-O-N, that spells greed.

BTW, DFEN is currently a far more lucrative etf for a buy+ put/call hedge, with a 43.5% max gain and profitability coverage on a 35% pullback for a 7-month haul with Boeing, Raytheon, Northropp Gruman et al not having recovered from the march pullback, and the threat of war with China looming on the horizon. We're far less likely to see the US Gov refuse a handout to the defense industry in the event of fiscal insolvency than you are a Tesla knockoff when institutional money is already backing its pet EV manufacturer Tesla. NIO is highly risky too, for that matter.

The natural logarithm (1.435)/7.5months indicates the underlying etf would need to outpace an exponential gain rate of %4.82/month to return more than 8$ put strike, and 16$ call strike set to april on an etf trading circa 11.50/share now. So, you're looking at a total investment of $1950 for an initial entry, with a max return of 2798 as it approaches and exceeds 16$/share in april 2021

[Gwaihir]

You should also note, TSLA is being valued differently than you would expect from a vehicle manufacturer even in the realm of electric vehicles.

TSLA, foremost, is in AI development, with their cars merely representing 1 practical example of the potential for the technology on the whole.

Correct me if I'm wrong, but is nikola making autonomous ai software, or just making electric vehicles?

[Mario 7]

Strong Buy ( Get in now ) Going to 1k + within a year or two

PS Sold my tesla yesterday for 26k profit

PSS Gwaihir has no money at all in real life and knows nothing

[Gwaihir]

Invested $5250 in selling 3x January 2021 17.50 puts today at 3.82/share in premiums.

Total return on 4 month investment 1146$

21.83% with a 50% downturn required to begin eroding.

Good luck with ur moon bet though.

[Patriam1066]

Strong Buy ( Get in now ) Going to 1k + within a year or two

PS Sold my tesla yesterday for 26k profit

PSS Gwaihir has no money at all in real life and knows nothing

Haha I sold my Tesla earlier for 52k profit

[Patriam1066]

Invested $5250 in selling 3x January 2021 17.50 puts today at 3.82/share in premiums.

Total return on 4 month investment 1146$

21.83% with a 50% downturn required to begin eroding.

Good luck with ur moon bet though.

I don’t understand this at all. It’s Greek to me

[Gwaihir]

I don’t understand this at all. It’s Greek to me

It means in return for guaranteeing i will pay 17.50/share for 300 shares in January, 3 people each paid me 382$ per 100 share contract.

The people who bought the contracts either
A) think the price is going to drop below (17.50 - 3.82 =) 13.86, in which event, on expiration day, at market close, plans to buy 100 shares from the market at the going rate (say for example 12.00) and then force me to pay them 17.50 for it (netting themselves 100 x 5.50 in net profit minus the 382 they paid up front, so 166$)

Or

B) someone is using my obligation to buy 100 shares at 17.50 to hedge against further losses below 17.50, since they own shares and are worried about a major price drop such as one which would occur in insolvency leading to bankruptcy.

Or

C) bought the contract as part of an options spread, such as a put-credit spread, or an iron condor spread etc.

[Mario 7]

I dont believe anything you say but ok

[Patriam1066]

I’m gonna buy more GM, trying to decide when. Seems like the marker still has some tanking to do

[Gwaihir]

Nikola opens today with a 25-30% pullback

[Patriam1066]

Hey Gwaihar when do I buy GM. This is a long term holding put into a trust for my grandchildren, not thinking short term profits. Nonetheless, I still like to buy low. I understand that time in the market > timing the market, but my Middle East haggle Brain doesn’t think that way

[Gwaihir]

Hey Gwaihar when do I buy GM. This is a long term holding put into a trust for my grandchildren, not thinking short term profits. Nonetheless, I still like to buy low. I understand that time in the market > timing the market, but my Middle East haggle Brain doesn’t think that way

You can open a trading account with TDAmeritrade, within the "trust", yeah?

GM currently trading for 30$. Surely, you'd prefer to pay less than that, but how much less is your current target? -10% from today's price? -20%? How long are you willing to wait for the trust to take possession of the actual shares and start reciprocating their paltry dividend?

When you SELL a PUT, you're promising to buy a stock at a specific price, just like when you set a "Limit Buy" on the actual security, except you're doing it in increments of 100 shares at a time.

So, lets say you want 100 shares in the trust, and you'd like to have them in March 2021, if possible, and only if you can get them for 20% off today's 30$ price.

Currently, SELLing a March 21 2021 GM PUT contract at the guaranteed price of 24$/share (for 100 shares)will pay you $1.64/share (so, 164$)



The only difference between a limit buy and selling a put option contract is:

The point at which the transaction occurs is not
"whenever the price drops to 24$ or below from now till the time i set for the buy order to expire/cancel" (LIMIT BUY on the GM security directly)

instead

At the closing bell on a pre-specified day, the trading price is checked. If it is at or below your put contract's price, you buy them for the put contract's price. If it finishes even 0.01 more than your strike price on a "Put" contract you SOLD expires worthless (to the person who bought it from you), and your collateral is returned.
AND
THEY PAY YOU to buy your contract


(be careful not to BUY a put instead of SELLING one) Buying a put option from someone is saying that you think the price is going to drop further below the strike price than the premium you're paying, so on that expiration day, you're going to buy 100shares from the market at the closing price, and force the PUT SELLer to buy those shares from you at the (Higher) strike price to turn a profit on the difference.

The PUT BUYER is buying "hope", whereas the PUT Seller is collecting a premium on that buyer's "hope".

[Gwaihir]

IF you do not actually get the shares, and all you get/got was the premium when you sold the contract...

the collateral gets returned to you, where you can just sell another -20% off contract 6 months out for a similar premium gets dispensed to you while you wait again.

In the above example a -20% option from todays price returns 166$ in premiums on 2400$. That's about 6.9% for a 6-month hold-and-see on your 2400$.

Likewise, if you're setting a more aggressive offer (27$; a -10% discount) with the same expiration date. The premium is $260 on a 2700$ investment because ur ponying up 27/share for 100 shares. In this scenario, you are getting paid a 9.6% premium on the 2700$ hold-n-see.

You can also do shorter term contracts (5-day/10-day/20-day) basis but the premium goes down as well. For example October 23rd at 27$/share is a $2700 investment with a $60 premium for a 4-week hold-n-see if you can get it at -10% off; a 2.2% premium.

[Gwaihir]

Remember, in either scenario, whether you're setting a limit buy, or selling a put to hopefully obtain shares at a discount from today's price later, you're collateralizing that money to the broker until the buy of the stock is triggered or the option contract's parameters are met and is triggered, the only difference is you're not getting paid to set limit buys while you're waiting to see if you get the stock at your preferred price or not.

you can also sell puts set AT the stock's current price if you think 30$ is a good price, but they aren't paying a dividend for another 9 weeks, so you sell a put contract 8 weeks out, so you preferably take possession just before it pays it's dividend. Currently, a 30$ strike for a PUT sold for November 20th pays you $249 for the 3000$ invested in 100 shares (8.3% premium) but if the price goes up to 30.01 or higher by then you'll only get the $249premium, and your $3000 back in November. That's the "risk" you're taking aside from the risk you'd be taking anyway if you had no plans to sell the stock (even if it pulls back) with a buy-and-hold-long-term perspective.

[Gwaihir]

Other difference:

Scenario: GM has a really bad announcement, get's sued for a sizable amount, files for partial bankruptcy, etc (basically: Bad News that is really going to effect the stock's value over the short-term/mid-term etc)

If you set a 24$ limit buy, you cancel your buy while the price is diving quickly, before the 24$ threshhold is crossed, and reconsider if you want to invest, or what an even more conservative entry price looks live given the recent revelations. This is free because the buy hasn't happened yet and you're a sharp guy that pays attention to the market, alert for news from his prospects.

If you sold a 24$ put contract, as the price falls down at a faster logarithmic decline than is what is necessary to expect a sub-24$ price by expiration, the contract becomes increasingly more valued to where "changing your mind" requires you paying more in premiums for buying an offsetting contract than you originally collected in premiums when you sold it.

either way, you can "rescind, and reconsider" your investment offer, but that costs you money to do with a put contract that looks like its going to cross the rubicon into profitability for the person that bought your original contract, whereas cancelling a limit buy is as free as setting a limit buy was.

[Googi]

Dont buy GM

Buy NKLA its cheap right now and its the future of rigs

[Googi]

Also gwaihir has no money at all

[Gwaihir]

Strong Buy ( Get in now ) Going to 1k + within a year or two

PS Sold my tesla yesterday for 26k profit

PSS Gwaihir has no money at all in real life and knows nothing

Here we are, 1 week later.

Nikola's CEO quit after being confronted with the fact that they faked the propulsion of their truck on a downhill run.

The stock has cratered from 35$ to 22$, and talks with major energy firms have stalled since they don't have their CEO to "sell" their product or the potential of their product.

As it stands, I still have -22% of downturn before i start to lose some of the 1000$ in premiums collected up front on the investment, and have lost absolutely none of my initial investment yet.

If I had invested directly, I would be down $1,904 on my 5125$ investment.

[Googi]

Buy more

all big investors are buying in at this price now

[Gwaihir]

Buy more

all big investors are buying in at this price now

Right on. Perhaps I will sell some 15$ puts, also. They're currently returning 445$ on a 15$ January 2021 put. 30% ROI...up front.

[Gwaihir]

Btw..5$ puts on NKLA are currebtly selling for 75$.

That's pretty much a 15% return up-front on a 4 month investment that won't lose unless they go bankrupt.

[Googi]

You don't have any money, stop posting

[Gwaihir]

You don't have any money, stop posting

Just because you're mentally infirm, and incapable of understanding how options work, doesn't mean I am too; and have no money.

Hope this helps.

[Gwaihir]

Nikola down to 20$ from 35 last week.

Put options for 10$/share are returning 2.55 per share, basically meaning that short sellers are so confident in the price continuing to drop that they are paying you 2.55 up front, for the action below a 7.45 January 2021 stock price as it approaches zero. Anyone buying a put at this point is betting on a 3 to 1 comeup that nikola will be bankrupt by the end of the year.

This is indicative of a "strong buy" sentiment, dumbass.

[Googi]

Best time to buy in, almost all power investors wanted it at $15-20

i would tell you to buy, but we both know you dont have any money

im sure your financing graphic cards to mine bitcoins as we speak !

[Gwaihir]

Best time to buy in, almost all power investors wanted it at $15-20

i would tell you to buy, but we both know you dont have any money

im sure your financing graphic cards to mine bitcoins as we speak !

Hold my (tea)bag, bro

[Patriam1066]

I’d buy NKLA @ $5 a share, otherwise I think lordstown motor and workhorse have better business models and proven products. Tesla might actually prove its worth it’s valuation if they sell a $25k electric car with a battery that lasts 15 years

NKLA doesn’t really have anything proven except a pickup, the rig was fraudulent

[Asteria]

Wow, someone here been on some really stronk drugs lately, I wish we all could see how they'd act and talk when not in front of a computer screen when they are this spun. :)

[Gwaihir]

I’d buy NKLA @ $5 a share, otherwise I think lordstown motor and workhorse have better business models and proven products. Tesla might actually prove its worth it’s valuation if they sell a $25k electric car with a battery that lasts 15 years

NKLA doesn’t really have anything proven except a pickup, the rig was fraudulent


Sell 5$puts then. You'll make about 80$ per 500$ you put on collateral, while you're waiting, if you cast it out there till january. If it doesn't fall below the 5$price you're willing to pay, then the trust gains the 80$premium and the 500 is returned.

[Kian]

Wow, someone here been on some really stronk drugs lately, I wish we all could see how they'd act and talk when not in front of a computer screen when they are this spun. :)

ive made 1 post in months and you are having a paranoid freakout

get sober

ps i gave my V card to my husband
while subject to the female sex hormone "estrogen"
my good falsetto xdresser prostitute and male predator

now get back to daddy, he's ready for the next hit of crystal & nut

[Googi]

I’d buy NKLA @ $5 a share, otherwise I think lordstown motor and workhorse have better business models and proven products. Tesla might actually prove its worth it’s valuation if they sell a $25k electric car with a battery that lasts 15 years

NKLA doesn’t really have anything proven except a pickup, the rig was fraudulent

The hydrogen fuel cell was "Not Ready"

its new technology, the point is that people are trying to develop it, they have a 100% EV Rig and the range is 500 miles on a full charge, the problem is it takes 24 hours to charge at that rate.

GM Would not have been interested in the company if they had nothing, no way they would fork over 1$ let alone 2b

i promise no one cares about the pickup

Freight in america is more important then most people realize, its everything. All the crap has to be moved 10x by the time it gets to your fat fingers and the cost and pollution is disgusting and needs to be changed.

Trevor may have puffed his company up but thats only because it needs money, lots of it.

The stock will probably go down a bit more, but if you buy in understand this is a long buy, and i cant think of a better company to put 10 or 20k into to forget about, you will net more off this stock then a mutual in 1-3 years so what do you have to lose?

Unless your gwaihir and have absolutely no money

[Googi]

ive made 1 post in months and you are having a paranoid freakout

get sober

ps i gave my V card to my husband
while subject to the female sex hormone "estrogen"
my good falsetto xdresser prostitute and male predator

now get back to daddy, he's ready for the next hit of crystal & nut

I dont think crossdressing estrogen fueled meth prostitution posts belong in the NKLA Thread

PS Asteria has never bought a stock in his life due to no money

See you in thurgadin at the hormone shop

[Asteria]

ive made 1 post in months and you are having a paranoid freakout

get sober

ps i gave my V card to my husband
while subject to the female sex hormone "estrogen"
my good falsetto xdresser prostitute and male predator

now get back to daddy, he's ready for the next hit of crystal & nut

Lol who are you?

None of that is true, but you def sounds really mad, high, and over compensating for something. ��

[Woke Locc]

Fuck off, the boys are talking about stocks

Make your own thread

[Raj]

I have been considering purchasing stock in drug companies, seeing as there is a number of substance abusers in the Washington area where I reside. Does anyone here have a prescription opioid abuse problem? Which companies would you recommend?

[Googi]

invest in whoever is making these hormone pills and anti depressants for all these college kids that never get jobs and stay home 24/7

[Patriam1066]

“ Nikola Corporation's (NKLA.O) founder Trevor Milton purchased the original design for the company's flagship truck from a Croatia-based designer, the Financial Times reported on.ft.com/3mWv2s7 on Saturday, citing people with knowledge of the matter.
Nikola One, the company's flagship hydrogen-powered truck truck, is at the centre of a design patent infringements lawsuit that Nikola filed against Tesla Inc (TSLA.O) in 2018. Nikola claimed, Tesla's Semi, its first electric heavy duty truck, is "substantially" similar to Nikola's design.”

https://www.reuters.com/article/us-nikola-truck-idUSKBN26H138

[Gwaihir]

“ Nikola Corporation's (NKLA.O) founder Trevor Milton purchased the original design for the company's flagship truck from a Croatia-based designer, the Financial Times reported on.ft.com/3mWv2s7 on Saturday, citing people with knowledge of the matter.
Nikola One, the company's flagship hydrogen-powered truck truck, is at the centre of a design patent infringements lawsuit that Nikola filed against Tesla Inc (TSLA.O) in 2018. Nikola claimed, Tesla's Semi, its first electric heavy duty truck, is "substantially" similar to Nikola's design.”

https://www.reuters.com/article/us-nikola-truck-idUSKBN26H138
My money's on betting that the Croat designers are double-dealing shitlords....and NKLA closing above 17.50 on January 21st for those sweet sweet 27% gains on premiums