How to Trade Options on Nikola Stock
September 23, 2020 at 14:16 PM EDT
Electric truck-maker Nikola Corp. (NASDAQ: NKLA) has been one of the wildest stocks of 2020. The company went public in a reverse merger on June 4 at $34 per share and jolted 176.5% higher to $94 just three trading days later. Since then, NKLA has experienced a significant drop and sits near $27 per share today. But that doesn't mean we can't make money on it... You see, Nikola's volatility is actually a good thing if you want to make fast money trading options. So today, we're going to show you how to make money with options from the fall of NKLA stock using a strategy known as a "put spread" that Money Morning's own Andrew Keene just revealed. The post How to Trade Options on Nikola Stock appeared first on Money Morning - We Make Investing Profitable . Here it is... Tags: options To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.