Replies to post #13096 on Nio Inc (NIO)

[JLS]

My annual return is far better than Cramer's.

Cramer invests. For you, that means he is not a trader. He'll keep stocks for weeks or years.

I am not an investor. I'm a trader. I work a lot more because of that, but I make a lot more because of that.

I almost exclusively do Buy-Writes. You could call my trades CC trades, because that's exactly what they are. It lowers risk because there is a Call on my stock, but there is instant income because of those overhead Calls that I wrote against my stock.

I only enter CC trades on stocks that produce at least 3% income per week (without compounding) by selling those Calls. That's why I don't trade NIO at its current price. NIO could easily trade within a whole week at a price between option strikes, neither one of which will yield 3% while allowing me to hang onto the shares (AKA prevent assignment below cost) at the end of the week. As I've written before, I'll trade NIO when it gets closer to $10/share. Even as low as $8 would work, but I prefer a safety margin.