I can try but unfortunately, I am not member of the Chinese communist party 
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it seem that the main market movers these days is Chinese decision that impact US listed chinese stock.
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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 
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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.
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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. 
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BATMAN 
With Microsoft, Amazon and Netflix in it!
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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.
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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% 
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Thank you for a quick fix!
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