Latest stock buy 26 shares of NIO at $46.51 per share

Updated: 21 July, 2021 seen 46

On February 26, 2021, we bought an additional; 26 shares of NIO stock (NYSE:O ) paying $46,51 per share. 

Unlike most of the other stocks I buy, NIO is not a dividend stock, instead, I see NIO as a potential growth stock

NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series

NIO stock forecast February 26, 2021

NIO stock forecast February 26, 2021

The 19 analysts offering 12-month price forecasts for NIO Inc have a median target of 68.72, with a high estimate of 100.20 and a low estimate of 14.91. The median estimate represents a +47.03% increase from the last price of 46.74.

To finance this purchase we spent one-fourth of our options income in the month of February

We now hold in total 41 shares of NIO

Using dollar-cost averaging our average cost per one NIO share is $50.41

Also, NIO takes 4.21% from our stock portfolio

If we had 100 shares of NIO today, we could sell March 5, 2021, covered call (weekly options) with a strike price of $51, to get a $1.96 premium. In case our shares would get called away on the expiry date we would realize $255 income in 7 days, that's a potential return of 5.05% since we started buying NIO.

It's planned to buy more NIO shares once a month until we will reach 100 shares. It looks like we might get there around June or July 2021.

59 shares to go!

about

Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.