$NIO Inc.(NIO)$My put spread on NIO had a 943% return on equity today. I entered the 430P from the open and held a 410P swing position—these contracts moved around 1400% today. It's likely the most insane trade I've seen all year.
I called this move here in real time, sharing my entries and everything. I mentioned yesterday that after a move up of over 40 points, the delivery numbers would likely trigger a 'sell the news' event today, and that's exactly what played out.
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