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NKLA puts

So NKLA got authorization to issue 200m shares at the market. The company is bleeding cash left and right. Doesn’t have the ability to start production on their trucks. TSLA semi final s coming later this year.

With rising interest rates and oil falling the company has a grim future.

So my guess management will try to sell 200M shares as soon as possible. Tomorrow I am planning to load $5 puts 2 week out.

If my thesis plays out it will reach close to $3.5-4 by next week and my puts will 3X-4X

Any thoughts fellow retads???

Submitted August 31, 2022 at 03:44AM by BLAKEEMM
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