[RagingBull Elite](
Dear Undefined,
Tesla is now the worldâs richest automaker.
And at $1208 per share, itâs become out of reach for most investors.
But you know what?
It hasnât stopped them from buying stocks âsimilarâ or in the âsame spaceâ as Tesla.
No joke.
Just take a look at how these stocks moved on Thursday:
-
ElectraMeccanica (SOLO) +43%
-
Ayro, Inc. (AYRO) +18%
-
Arcimoto (FUV) +25%
And while Tesla has been hotâ¦
Thereâs one automaker whoâs been even hotter over the last monthâ¦
And It happens to be a favorite among Robinhood traders.
Nearly 2500 accounts added NIO in the last four hours of trading on Thursday.
If you havenât heard of NIO, itâs a Chinese lifestyle and electric-car automaker.
Less than a year ago this stock was nearly left for dead, trading at $1.19 per share.
It is now trading at 52-week highs, closing at $9.38 on Thursday.
Thatâs nearly 700% off the lows!
The surge in the stock price has left many traders wonderingâ¦
Should I buy into strength or fade this move?
While no one knows for sure.
But Kyle Dennis pointed out what one options whale did on Thursday:
They Came In And Bought
2999 Jul $11 Calls
Paying $0.699 Per Contract
For A Total Of $210K In Premium
Hereâs what stood out to Kyle:
-
OTM options being bought, and the trader needs a 28.7% move just to break-even
-
The options expire in less than two weeks
-
The trader paid up for the options. An aggressive order to ensure they get filled.
These are all âtellsâ which makes him believe this stock still has some more upside.
Once you learn how the smart money movesâ¦
Kyle believes traders can position themselves to profit alongside these players.
Just like these folks did*:
Right now, Kyle just wants you to do one thing.
Register for his training today.
Allow Kyle to teach how this style of trading works...
⦠why itâs so darn profitable for him.
And how you can get in on the action.
[Register right now.](
[You owe it to yourself to be there.](
*RagingBull does NOT track or verify subscribers' individual trading results and these individual experiences should NOT be understood as typical as or representative. Please see our full disclaimer here: ragingbull.com/disclaimer
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