Nikola Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Nikola.

Looking at options history for Nikola NKLA we detected 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $665,624 and 9, calls, for a total amount of $564,676.

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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 $0.5 to $2.0 for Nikola over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Nikola options trades today is 80688.29 with a total volume of 495,161.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Nikola's big money trades within a strike price range of $0.5 to $2.0 over the last 30 days.

Nikola Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Nikola Standing Right Now?

• With a volume of 31,087,425, the price of NKLA is down -0.72% at $1.37.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 31 days.

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 Nikola, Benzinga Pro gives you real-time options trades alerts.