STOCK SHOWDOWN - Writing Covered Calls - NIO vs WKHS

 

Which stock would I buy for Writing Covered Calls - NIO vs WKHS
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DISCLAIMER: This stock comparison is 100% for entertainment. I'm not recommending these stocks as a purchase. The research jump links in this blog post are ones that I use to start my stock investing research. Always do your own due diligence and never risk more money then you are willing to lose. Think of it like this blog post as seeing the world thru my eyes.
COVERED CALL SHOWDOWN! - WHICH STOCK WOULD I PURCHASE TO WRITE A COVERED CALL
NIO Limited
	NIO	vs		WKHS
Workhorse Group Inc.
Seeing the World Thru my Eyes - the Straight Talk
THE ROBIN HOOD ERA for investing / options trading favorite stocks ... the future being electric vehicles and investors wanting to hit the next TESLA homerun have found themselves in love with these 2 companies. NIO being an electric car company in China and Workhorse being an electric truck maker in the states ... NIO is going to compete with Tesla in China where as Workhorse will try to capture 'last mile' careers like the Postal Service for its electric trucks ... which it currently is in the running ... both have no earnings and are really momentum trades ... so many Youtubers are doing videos on them that I wanted to do a Showdown to see what all the hype is about ... I will give my take on these companies in the WINNER TAKE ALL section below because I do see a very clear winner ... but as you'll see, if you're a bit 'caution to the wind' the premiums they offer can make a person's MONTH! Let's see who wins this Stock Showdown between NIO and WKHS
NOTE - AT THE TIME OF THIS POSTING, BOTH COMPANIES STOCK PRICES BELOW
NIO			WKHS
$17.95			$22.66
NIO Limited			Workhorse Group Inc.
Just in case you didn't know ... here's some basic company information about what they do.
NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. NIO Limited was founded in 2014 and is headquartered in Shanghai, China.			Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Yahoo Summary-NIO			Yahoo Summary-WKHS
#1 - The Golden Rules of Covered Call Writing!
The Golden Rules of Covered Call Writing are subjective ... the basic idea is to avoid as much risk as possible when determining a new stock purchase for a Covered Call Write ... we can not avoid risk entirely but using certain rules or guidelines will help use reduce that risk during the timeframe we use the stock for selling premium. I've included the most popular rules or guidelines below which include: avoid a company's earnings report, is the company apart of the S&P 500 or Dow Jones?. Does the company have a dividend? Does the company have same store sales reports? Do you want to own the stock? > This list isn't the end all be all list but a starter list for your research and lowering your risk ... but again, we can not avoid risk .
NIO Limited			Workhorse Group Inc.
S&P 500?	OPTIONS?	DIVIDEND?	S&P 500?	OPTIONS?	DIVIDEND?
Confirm	Option Chain-NIO	Verify-NIO	Confirm	Option Chain-WKHS	Verify-WKHS
Seeing the World Thru my Eyes - the Straight Talk
Not much to say here ... neither off a dividend as neither of them make any money ... they are options darlings so selling premium on them can be your dividend!
#2 - What story is the chart telling us?
When buying stocks to Write Covered Calls the prime objective is for the stock to trade sideways to higher ... selling premium traders will purchase a stock and sell the Out of the Money strike to collect both the premium and the stock appreciation. I always like to look at a chart and ask the question "what story is this chart telling me?" ... if its trending higher, this is good. If its trending lower, well, I really need to do my research if I'm going to invest in a company that its stock is trending lower.
See Support-NIO			See Support-WKHS
Seeing the World Thru my Eyes - the Straight Talk
Higher and HIGHER we go with this Robinhood era of stock trading where everyone is trying to find that NEXT homerun ... and with these stocks being CHEAPER in price, people that dont know THINK they are cheap ... these companies are ALL ABOUT the future and if they HIT, you're good... they MISS, you're broke ... NIO has a serious leg up as China will help them succeed ... you can bank that!
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#3 - What are "THEY" saying?
I'm not an expert when it comes to whether a stock is undervalued or overvalued or if its a Buy or a Sell ... so I use some great websites to 'paint a picture' for me. Some will have a stock as a Buy and another will have it as a Sell ... so I usually have 3 or 4 different sources to help me.
NIO Limited			Workhorse Group Inc.
Zacks	Yahoo Prem	AmBull	Zacks	Yahoo Prem	AmBull
BUY	OVERVALUED	STAY LONG	HOLD	OVERVALUED	BUY
Corfirm Rating - NIO	Yahoo Summary-NIO	Trending? -NIO	Corfirm Rating - WKHS	Yahoo Summary-WKHS	Trending? -WKHS
Seeing the World Thru my Eyes - the Straight Talk
BOTH are OverValued which comes as no surprise considering the financials ... trading these stocks really requires you to know the story and use your technical charting reading to try to get a good entry... but they keep going higher and higher so it might just be a get in when you can situation and sell premium
#4 - SHOW ME THE MONEY!
Another great visual when quickly trying to determine if this/these are companies we want to own ... remember, we have to own these companies and if the picture isn't telling us a clear picture of a companies prospects then I have to make sure I really do my homework.
Yahoo Summary-NIO			Yahoo Summary-WKHS
Seeing the World Thru my Eyes - the Straight Talk
ELECTRIC CAR stocks are ALL THE RAGE on Wall Street largely because everyone wants the next Tesla stock and they will pay up to get it ... NIO and WKHS have ZERO EARNINGS yet everyone is buy buy BUY!!! ... be very careful if you plan on playing either one of these stocks ... what's good today might not tomorrow ... I like both buy I think with China's backing NIO will have earnings in the near term vs WKHS trying to get some contracts for industrials in the States
#5 - What kind of Covered Call profits can we make?
Giving someone the right but not the obligation to take your shares can be very profitable if done correctly ... typically most Covered Call writers will try to make 3% Cash on Cash profit in a 30 day period. Mastering this skill of selling premium can increase your annual returns vs a buy and hold investment strategy. Below is a (1) deviation Out of the Money Covered Call that one might do if they sell premium.
Looking at a 30 day window using (3) deviationS Out of the Money
	THESE ARE NOT REAL TIME! CLICK LINK BELOW FOR THAT			POSTED >	9/9/2020
NIO	Current Price	Strike Price	LAST TRADE	30 day return	Expiration
	$17.95	$18.00	$2.57	14.60%	9/18/2020
	$17.95	$18.50	$2.44	16.66%	9/18/2020
	$17.95	$19.00	$2.22	18.22%	9/18/2020
			THIS IS NOT THE BID OR MID
Check this stocks options here >		https://finance.yahoo.com/quote/NIO/options?p=NIO
	THESE ARE NOT REAL TIME! CLICK LINK BELOW FOR THAT
WKHS	Current Price	Strike Price	LAST TRADE	30 day return	Expiration
	$22.66	$22.00	$4.77	18.14%	9/18/2020
	$22.66	$22.50	$4.60	19.59%	9/18/2020
	$22.66	$23.50	$4.25	22.46%	9/18/2020
			THIS IS NOT THE BID OR MID
Check this stocks options here >		https://finance.yahoo.com/quote/WKHS/options?p=WKHS
Seeing the World Thru my Eyes - the Straight Talk
Yes, you ARE in fact seeing that right ... BOTH stocks have premiums that are OFF THE CHARTS and if you're a player in this stocks you will understand the risk and you will gain the rewards ... I'm a fan of WKHS here but c'mon, NIO's 30 day premiums are redic as well.
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#7 - "HURRY HURRY, READ ALL ABOUT IT!"
The internet has so many resources for good information on companies ... whether its news, events or just some blogger with a great perspective on a company's prospects ... I love just glancing at the news feeds to get a feel for what's going on with a company I'm researching ... below are some helpful jump links I use.
Seeking Alpha		DivChannel	Seeking Alpha		DivChannel
Alpha Articles Search-NIO		Verify-NIO	Alpha Articles Search-WKHS		Verify-WKHS
MY WINNER IS!!!
	NIO	vs		WKHS
	SCORE		SCORE
	5		4
Seeing the World Thru my Eyes - the Straight Talk Recap!
NIO WINS TODAY but don't sleep on Workhorse because if they get that Postal Service contract which is said to be worth some $6 Billion it could change everything ... NIO has strong support from the Chinese Government and if tensions high from US/China trade wars ... Tesla could find itself in a tough spot ... you know China will back its own ... case in point, BABA vs AMZN ... Alibaba has a clear path to being China's 'Amazon' because China says so ... and if the electric car market gets that big ... who do you think they will support? My guess ... NIO ... but do understand that these companies are risky at best and when watching all those BUY BUY BUY Youtubers pimping them and promoting they that have made $Millions$ from them ... well, thats ALL pie in the sky and whats good today might not be tomorrow ... ALWAYS do your own due diligence so you know what you're getting into ... PREMIUM SELLERS WIN too because of the HIGH premiums they pay ... so have fun, good luck and DO NOT over reach :)
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The BONUS Deeper Dive!
#8 - More number that help us Up Our Game!
I'm not an expert when it comes to whether a stock is undervalued or overvalued or if its a Buy or a Sell ... so I use some great websites to 'paint a picture' for me. Some will have a stock as a Buy and another will have it as a Sell ... so I usually have 3 or 4 different sources to help me.
FFTY	ST50	S&P 500	FFTY	ST50	S&P 500
-	-	-	-	-	-
Does either of these companies have Earnings Report (next 30 days)
April 16, 2020		-		May 16, 2020
~	May 28, 2020 - May 28, 2020		~	Aug 10, 2020 - Aug 10, 2020
Verify-NIO			Verify-WKHS
Dividend 2%	EX-DATE	Ave Vol	Dividend 2%	EX-DATE	Ave Vol
0.00%	-	138.216M	0.00%	-	28.765M
Verify-NIO			Verify-WKHS
What story is the chart telling you?
StockCharts	Finviz	BarCharts	StockCharts	Finviz	BarCharts
View Chart-NIO	See Support-NIO	View Chart-NIO	View Chart-WKHS	See Support-WKHS	View Chart-WKHS
I hope you enjoyed this Covered Call Stock Showdown blog ... as always you know this is for entertainment and before EVER investing a nickel of your hard earned money you need to do your research or what they call due diligence ... no, nada, zip zilcho stock recommendations were made here ... this ALL should be your STARTING POINT for determining if either of these companies meet your stock investing risk profile. Good luck everyone!
Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its performance. I have risked my own money and am accountable for the trade results.
Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy.
Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options.
- http://www.optionsclearing.com/about/publications/publication-listing.jsp
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Topics I discussion range from:
Using stocks to Write Covered Calls
The Covered Call Investment strategy
Using Covered Calls to earn money
Explaining the Covered Call strategy
Selling Covered Calls
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CREDIT - How and Why to Use a Covered Call Option Strategy
BY ADAM MILTON
Updated July 29, 2019 > https://www.thebalance.com/determining-intrinsic-value-1031125
A covered call is an options strategy involves trades in both the underlying stock and an options contract. The trader buys (or already owns) the underlying stock. They will then sell call options for the same number (or less) of share held and then wait for the options contract to be exercised or to expire.
Exercising the Options Contract
If the options contract is exercised (at any time for US options, and at expiration for European options) the trader will sell the stock at the strike price, and if the options contract is not exercised the trader will keep the stock.
For a covered call, the call that is sold is typically out of the money (OTM). This allows for profit to be made on both the options contract sale and the stock if the stock price stays below the strike price of the OTM option. If you believe the stock price is going to drop, but you still want to maintain your stock position, for the time being, you can sell an in the money call option (ITM).
For this, you will receive a higher premium from the buyer of your call option, but the stock must fall below the ITM option strike price, otherwise, the buyer of your option will be entitled to receive your shares if the share price is above the option's strike price at expiration (you lose your share position). Covered call writing is typically used by investors and longer-term traders, and is rarely used by day traders.
How to Create a Covered Call Trade
Purchase a stock, and only buy it in lots of 100 shares.
Sell a call contract for every 100 shares of stock you own. One call contract represents 100 shares of stock. If you own 500 shares of stock, you can sell up to 5 call contracts against that position. You can also sell less than 5 contracts, which means if the call options are exercised you won't have to relinquish all of your stock position. In this example, if you sell 3 contracts, and the price is above the strike price at expiration, 300 of your shares will be called away, but you will still have 200 remaining.
LEARN MORE
Wait for the call to be exercised or to expire. You are making money off the premium the buyer of the call option pays to you. If the premium is $0.10 per share, you make that full premium if the buyer holds the option until expiration and it is not exercised. You can buy back the option before expiry, but there is little reason to do so, and this isn't usually part of the strategy.
Risks and Rewards of the Covered Call Options Strategy
The risk of a covered call comes from holding the stock position, which could drop in price. Your maximum loss occurs if the stock goes to zero. Therefore, you would calculate your maximum loss per share as:
Maximum loss per share = (Stock entry price - $0) + Option premium received
For example, if you buy a stock at $9, and receive a $0.10 option premium on your sold call, your maximum loss is $8.90 per share. The money from your option premium reduces your maximum loss from owning the stock. The option premium income comes at a cost though, as it also limits your upside on the stock.
You can only profit on the stock up to the strike price of the options contracts you sold. Therefore, calculate your maximum profit as:
Maximum profit = (Strike price - stock entry price) + Option premium received
For example, if you buy a stock at $9, receive a $0.10 option premium from selling a $9.50 strike price call, then you maintain your stock position as long as the stock price stays below $9.50 at expiration. If the stock price moves to $10, you only profit up to $9.50, so your profit is $9.50 - $9.00 + $0.10 = $0.60.
If you sell an ITM call option, the underlying stock's price will need to fall below the call's strike price in order for you to maintain your shares. If this occurs, you will likely be facing a loss on your stock position, but you will still own your shares, and you will have received the premium to help offset the loss.
Final Word on the Covered Call Options Strategy
The main goal of the covered call is to collect income via option premiums by selling calls against a stock that you already own. Assuming the stock doesn't move above the strike price, you collect the premium and maintain your stock position (which can still profit up to the strike price).
Traders need to factor in commission when trading covered calls. If commissions will erase a significant portion of the premium received, then it isn't worthwhile to sell the option(s) and create a covered call.
Link can be accessed here > https://www.thebalance.com/determining-intrinsic-value-1031125