Market Whales and Their Recent Bets on NIO Options

Deep-pocketed investors have adopted a bearish 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 10 extraordinary options activities for NIO. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 8 are puts, totaling $2,405,896, and 2 are calls, amounting to $565,000.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $25.0 for NIO, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of NIO stands at 11651.75, with a total volume reaching 29,589.00. 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 $4.0 to $25.0, throughout the last 30 days.

NIO Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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 160,000 EVs in 2023, 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.

Where Is NIO Standing Right Now?

• With a trading volume of 34,564,302, the price of NIO is down by -1.54%, reaching $5.11.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 79 days from now.

Professional Analyst Ratings for NIO

In the last month, 5 experts released ratings on this stock with an average target price of $6.62.

• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for NIO, targeting a price of $7.
• An analyst from JP Morgan downgraded its action to Underweight with a price target of $5.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on NIO, which currently sits at a price target of $10.
• An analyst from Jefferies persists with their Hold rating on NIO, maintaining a target price of $5.
• Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on NIO with a target price of $5.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NIO options trades with real-time alerts from Benzinga Pro.