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Trade of the Week: NKLA

Investors AlleyTrade of the Week: NKLA
Electric vehicle stocks have recently been pulling back, but none more so than Nikola (NKLA). The electric/hydrogen-fueled truck maker had been the darling of the stock market in recent months. However, short selling attacks have sent the stock into a tailspin. The CEO has stepped down and the company appears to be in turmoil. Options […]
Trade of the Week: NKLAJay Soloff

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Investors Alley
Trade of the Week: NKLA



Electric vehicle stocks have recently been pulling back, but none more so than Nikola (NKLA). The electric/hydrogen-fueled truck maker had been the darling of the stock market in recent months. However, short selling attacks have sent the stock into a tailspin.

The CEO has stepped down and the company appears to be in turmoil. Options action doesn’t paint any brighter of a picture for NKLA, with January 2022 far out-of-the-money puts being purchased in what could be protection against the stock going to zero.

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Trade of the Week: NKLA
Jay Soloff

electric vehicle

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