Deep-pocketed investors have adopted a bullish approach towards NIO NIO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NIO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for NIO. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 46% bearish. Among these notable options, 6 are puts, totaling $505,937, and 20 are calls, amounting to $2,467,188.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $20.0 for NIO during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of NIO stands at 17266.5, with a total volume reaching 55,988.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NIO, situated within the strike price corridor from $7.0 to $20.0, throughout 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 | TRADE | NEUTRAL | 01/17/25 | $10.00 | $1.2M | 59.3K | 5.8K |
| NIO | CALL | TRADE | BEARISH | 05/17/24 | $11.00 | $262.5K | 4.5K | 3.8K |
| NIO | PUT | SWEEP | BULLISH | 01/19/24 | $9.00 | $245.5K | 14.3K | 5.7K |
| NIO | CALL | SWEEP | BULLISH | 01/17/25 | $7.50 | $172.6K | 13.6K | 658 |
| NIO | CALL | SWEEP | BEARISH | 08/16/24 | $13.00 | $103.4K | 166 | 5.4K |
About NIO
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.
Current Position of NIO
- Currently trading with a volume of 64,704,415, the NIO's price is down by -0.11%, now at $9.42.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 61 days.
What The Experts Say On NIO
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $15.0.
- An analyst from Mizuho has decided to maintain their Buy rating on NIO, which currently sits at a price target of $15.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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