Whales with a lot of money to spend have taken a noticeably bullish stance on NIO.
Looking at options history for NIO NIO we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 77% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $1,166,122 and 5, calls, for a total amount of $474,883.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $25.0 for NIO over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NIO's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NIO's significant trades, within a strike price range of $4.0 to $25.0, over the past month.
NIO Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NIO | PUT | TRADE | BEARISH | 01/17/25 | $20.55 | $20.5 | $20.55 | $25.00 | $1.0M | 6 | 494 |
| NIO | CALL | TRADE | BULLISH | 12/20/24 | $0.73 | $0.73 | $0.73 | $6.00 | $129.7K | 706 | 2.0K |
| NIO | CALL | SWEEP | BULLISH | 01/17/25 | $1.5 | $1.42 | $1.5 | $4.00 | $129.0K | 4.7K | 1.7K |
| NIO | CALL | SWEEP | BULLISH | 01/17/25 | $1.49 | $1.42 | $1.49 | $4.00 | $98.4K | 4.7K | 669 |
| NIO | CALL | SWEEP | BEARISH | 04/19/24 | $0.22 | $0.21 | $0.21 | $4.50 | $71.3K | 14.8K | 5.0K |
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.
Having examined the options trading patterns of NIO, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is NIO Standing Right Now?
- Trading volume stands at 36,894,802, with NIO's price up by 0.68%, positioned at $4.42.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 60 days.
What The Experts Say On NIO
In the last month, 4 experts released ratings on this stock with an average target price of $7.275.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on NIO with a target price of $10.
- In a cautious move, an analyst from Barclays downgraded its rating to Underweight, setting a price target of $4.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on NIO with a target price of $7.
- An analyst from HSBC persists with their Buy rating on NIO, maintaining a target price of $7.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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