Investors with a lot of money to spend have taken a bullish stance on NIO NIO.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, 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 these investors just did?
Today, Benzinga's options scanner spotted 44 uncommon options trades for NIO.
This isn't normal.
The overall sentiment of these big-money traders is split between 68% bullish and 31%, bearish.
Out of all of the special options we uncovered, 40 are puts, for a total amount of $6,167,992, and 4 are calls, for a total amount of $148,140.
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 $3.0 to $25.0 for NIO during the past quarter.
Analyzing Volume & Open Interest
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 $3.0 to $25.0 in the last 30 days.
NIO Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NIO | PUT | SWEEP | BULLISH | 01/17/25 | $25.00 | $942.5K | 0 | 500 |
| NIO | PUT | SWEEP | BULLISH | 02/16/24 | $15.00 | $217.1K | 18.1K | 8.2K |
| NIO | PUT | TRADE | BULLISH | 02/16/24 | $15.00 | $216.3K | 18.1K | 3.1K |
| NIO | PUT | TRADE | BULLISH | 02/16/24 | $15.00 | $216.2K | 18.1K | 7.6K |
| NIO | PUT | TRADE | BULLISH | 02/16/24 | $15.00 | $212.7K | 18.1K | 6.8K |
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.
Following our analysis of the options activities associated with NIO, we pivot to a closer look at the company's own performance.
Present Market Standing of NIO
- Currently trading with a volume of 26,856,499, the NIO's price is down by -0.66%, now at $6.0.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 33 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for NIO with Benzinga Pro for real-time alerts.
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