I can try but unfortunately, I am not member of the Chinese communist party 
it seem that the main market movers these days is Chinese decision that impact US listed chinese stock.
Again Chinese stock in the middle of the trouble…
I am a NIO lover, I hope it will not impact too much NIO.
Otherwise, I will go short 3x 
NIO is a spillover victim from the Chinese tech crackdown, instead of a direct victim.
A Chinese basket ETP could interesting like the FAANG+.
I suggest a BAT (Baidu, Alibaba, Tencent) or JABTPB (BAT + JD + Pinduoduo + Baozun).
Both Long and Short to navigate the daily Chinese Communist Party mood.
that’s a good idea 
@Tihomir let’s forward this to our colleagues from N’Y
JABTPB isn’t a nice buzz word, I tried to play with the letters, but without success.
Maybe a BAT for BAT and BAT+ for JABTPB (like the FAANG+) or just “JAB+”. A jab to the jaws. 
BATMAN 
With Microsoft, Amazon and Netflix in it!
NIO posting earnings on Wednesday.
With tickers 3LNI and 3SNI investors can express their convictions via GraniteShares ETP
Capital at risk. For professional investors only.
Don’t miss the NIO earnings, it is today !
$NIO Q2 Earnings
ETP NIO 3x/-3x - 3LNI/3SNI by GraniteShares
USD
Revenue $1.3bn (+127% YoY)
Gross Profit $244m (+403% YoY)
Gross Margin 18.6% (stable)
21,896 cars delivered (+112% YoY)
Q3 Guidance
23,000-25,000 car deliveries
Revenue $1.38bn-$1.49bn
Now I see a bid/ask at 2.45/2.48 (see below)
Which is 1.20% spread
and 4% of spread on 3LIE…
I agree that it is a bit too high, I will report it to the Market Maker.
It is most probably due to the earnings annoucement.
Spreads on 3LNI and 3LIE are now below 0.5% 
Thank you for a quick fix!