Trade of the Week: NKLA

Electric Cars, Trade of the Week

Electric vehicle stocks haven’t been nearly as active as they were during the heart of the Covid crisis. However, Nikoka (NKLA) options traded over 200,000 contracts on a busy day last week, which is 4x the regular amount. In this case, it appears that a large institutional position was either rolled to July or closed out entirely.  This trade accounted for about half of all the contracts traded that day.

972% Total Returns Investing in This Stock

Over a 22-year model I’ve compiled, investing in this high-yield dividend stock produced 972% total gains. Those gains are good to DOUBLE the average returns of the market over the same two decades. This is a brand new strategy I’m bringing to Investors Alley. If you like income, you’ll like this. Click here for how to get started today