Hi Shoppers,

I am going to be super quick here as I am on spring break in Cabo San Lucas with a bunch of high school seniors. (My son and his friends, that is – I’m not just out here partying with teens!)

It is absolutely beautiful here and I need to get back out there.

But first, I have a trade idea in Nio Inc. (Ticker: NIO), where I am seeing a hanging man.

NIO has had a nice run up from $13 to more than $22 since March 15.

It does have earnings coming out just after I am writing this.

NIO looks to me like it is ready for a pull back.

If it opens and trades lower I will be a buyer of the Apr. 8 21.50 puts:

Back to the beach!

Thanks for Reading … See You Next Tuesday!

Licia Leslie