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 15 uncommon options trades for NIO.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 40%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $788,156, and 8 are calls, for a total amount of $397,807.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $8.0 for NIO, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for NIO options trades today is 13693.08 with a total volume of 36,063.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for NIO's big money trades within a strike price range of $2.5 to $8.0 over the last 30 days.
NIO Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NIO | PUT | SWEEP | BEARISH | 01/16/26 | $3.6 | $3.5 | $3.6 | $8.00 | $360.1K | 13.3K | 2.7K |
| NIO | PUT | SWEEP | NEUTRAL | 05/10/24 | $0.45 | $0.43 | $0.44 | $5.50 | $120.6K | 2.3K | 4.5K |
| NIO | PUT | SWEEP | BEARISH | 01/16/26 | $3.6 | $3.5 | $3.6 | $8.00 | $108.0K | 13.3K | 3.0K |
| NIO | CALL | SWEEP | BEARISH | 11/15/24 | $0.64 | $0.61 | $0.61 | $8.00 | $106.7K | 11.2K | 878 |
| NIO | PUT | SWEEP | BEARISH | 05/10/24 | $0.33 | $0.31 | $0.33 | $5.50 | $99.0K | 2.3K | 7.8K |
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 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
Where Is NIO Standing Right Now?
- With a trading volume of 90,268,695, the price of NIO is up by 6.45%, reaching $5.61.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 36 days from now.
What The Experts Say On NIO
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $5.0.
- Reflecting concerns, an analyst from Macquarie lowers its rating to Neutral with a new price target of $5.
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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