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Electric truck-maker Nikola Corp.
(NASDAQ: NKLA) has been one of the wildest stocks of 2020.
The company went public in a reverse merger on June 4 at $34 per share and jolted 176.5% higher to $94 just three trading days later.
Since then, NKLA has experienced a significant drop and sits near $27 per share today.
But that doesn't mean we can't make money on it… You see, Nikola's volatility is actually a good thing if you want to make fast money trading options.
So today, we're going to show you how to make money with options from the fall of NKLA stock using a strategy known as a "put spread" that Money Morning's own Andrew Keene just revealed.