In this video, I am going to be talking about XPENG (XPEV) and why I think it’s a good investment long term. There was a sell off earlier this month due to the Holding Foreign Companies Accountable Act that was Signed by Donald Trump. The law will remove Chinese firms from American Stock exchanges if they fail to comply with US auditing rules within three years. Also investors took profits from rally in November. Xpeng has ran up 153% since its initial public offering in August at $15 a share. It ran up to a high 74.49 and today it closed at 42.29.
In November, XPENG delivered 4,224 vehicles which is 342% higher than last year. The company stated that it expects to deliver 10,000 vehicles in the fourth quarter.
I sold two cash secured puts, one I had to roll over to this week. I only collected $88 from that. It is 43.50 strike price. I will have to purchase 100 shares if the stock price is below 43.50 which I am okay with. I also sold one in my main account on Monday. That is a 38 strike price. I collected $102 in premiums. Selling cash puts is a great way to generate extra income if you’re planning to buy 100 shares of at a specific price.
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DISCLAIMER: Please note that I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. I am merely sharing my opinion with no guarantee of gains or losses on investments. You are responsible for your own financial decisions. Please seek out a financial advisor if you’re looking for financial help.