Looking At NIO's Recent Unusual Options Activity

Looking At NIO's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on NIO NIO.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NIO, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 18 uncommon options trades for NIO.

This isn't normal.

The overall sentiment of these big-money traders is split between 61% bullish and 38%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $311,594, and 10 are calls, for a total amount of $429,362.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $55.0 for NIO over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NIO's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NIO's whale trades within a strike price range from $2.5 to $55.0 in the last 30 days.

NIO Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NIO CALL SWEEP BULLISH 12/16/22 $7.00 $108.0K 40 300
NIO PUT SWEEP BULLISH 06/16/23 $12.50 $56.2K 3.6K 154
NIO CALL TRADE BEARISH 01/19/24 $2.50 $52.2K 1.3K 126
NIO PUT SWEEP BEARISH 12/16/22 $12.00 $52.2K 5.8K 325
NIO CALL TRADE NEUTRAL 01/17/25 $10.00 $50.9K 3.3K 270

Where Is NIO Standing Right Now?

  • With a volume of 23,395,165, the price of NIO is up 2.46% at $10.42.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 115 days.

What The Experts Say On NIO:

  • Deutsche Bank has decided to maintain their Buy rating on NIO, which currently sits at a price target of $21.
  • China Renaissance downgraded its action to Hold with a price target of $12
  • Mizuho has decided to maintain their Buy rating on NIO, which currently sits at a price target of $34.
  • UBS downgraded its action to Neutral with a price target of $13
  • Barclays has decided to maintain their Overweight rating on NIO, which currently sits at a price target of $18.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for NIO, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets