Electric Truck Maker on the Rise

Shares of electric truck maker Workhose have made a major move up to a high of $22.90 from under $3 in about 1 month of trading, and shares currently trade just under $17. While Workhorse (WKHS) is in play for a major contract with UPS, we believe this stock has room to run whether it gets the contract or not. 

Investors are piling into electric vehicles, and the spotlight is shining on this company along with others such as Nio, Lucid, Tesla and Nikola.

We bought the October 2020 $20 Calls on WKHS at $3.35 today. We plan to hold these Calls for a short period of time since expiration is about 2 months away.