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.

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.

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.

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.

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.

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

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