At the time, NIO stock was trading around 55, but yesterday the stock dropped to 41.53.
In January we looked at selling the Jan. 21, 2022, put with a strike price of 55 which was trading for around 17.55.
With NIO stock dropping nearly 25% I thought it would be good to check in and see how that cash secured put is doing. On Wednesday, that January put was trading around 21.90 for a loss of around $435.
The capital at risk on the trade was $3,745 which can be calculated by taking the strike price (55) minus the premium