Trevor Milton was charged with making fraudulent statements to drive up Nikola’s stock. Milton of one count of securities fraud and two counts of wire fraud. He may now face a maximum prison sentence of 20 years.
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there’s a TV program called ‘American Greed’ did a documentary on Milton. This dude is a total fraud. He deserved to spend a long time in jail, and he’s still much better with billions than those who lost money on his lies.
Not sure if NKLA will drop because of him unless he decided to dump his shares.
She’s already dropped
Everyone found out that NKLA was bullshit back in 2020- this is priced in, criminal trial has little bearing on the price action now
>It’s no surprise that Trevor Milton was charged with fraud – he is a complete and utter scumbag who has been scamming investors for years. His entire company is a fraud, and he deserves to go to prison for his crimes.
Up only.
Isn’t it priced in already?
Good luck selling those puts.
In this market it will probably sky rocket
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Is there really that much upside buying puts on a stock that trades at $3?
.. buy puts .. thousands .. 2$ strike .. absolutely safe bet .. company is doomed .. not financial advice ..