We lost NIO Option calls but SAVE saved us

The NIO option call was a bad move. It had some flow on it but I should have not played it.  I was so into it due to the EV pumps that we have played. I went in way at a higher position and I should have just waited for a pull back.

NIO : -37%

I was also thinking of buying common shares for NIO but it didn’t go low enough this past week. I’m looking for it to drop around mid 12s to enter. Otherwise, not much to say to NIO because this play was more because my “FOMO” side wanted to come in.

SAVE (Spirit Airlines)

Airlines are just a hard call these days because they can be easily become pump and dumps. I was skeptic about getting into this one but the flow was great.

SAVE 8-4-20 TO 8-5-20 CHART 5 MINS
SAVE 8-4-20 TO 8-5-20 CHART 5 MINS

SAVE +24%

However there was a point where I though this would come crashing down but I stuck with it. Which ended up being a good idea even though I wasn’t looking at the chart.  Again with airlines,  these can just turn on you if you’re not careful.

Our last play was QCOM which was another swing trade

QCOM 8-4 TO 8-5 5 MIN CHART

Another good flow trade. I remember the first time I was trading I put down a bigger position than I normally would and lost on this stock. So it was pretty hard for me to play qualcomm. But again when the right option flow comes in, you come and get it.

QCOM +36%

 

 

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