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 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $62,632 and 8, calls, for a total amount of $278,646.
What's The Price Target?
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 $5.0 for NIO, spanning the last three months.
Volume & Open Interest Trends
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 $5.0, over the past month.
NIO 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NIO | CALL | SWEEP | BULLISH | 07/26/24 | $0.53 | $0.51 | $0.53 | $4.00 | $39.5K | 1.5K | 219 |
| NIO | CALL | SWEEP | BEARISH | 07/19/24 | $0.5 | $0.46 | $0.47 | $4.00 | $39.1K | 9.1K | 322 |
| NIO | CALL | TRADE | BULLISH | 01/16/26 | $1.68 | $1.61 | $1.68 | $5.00 | $33.6K | 34.5K | 1.1K |
| NIO | CALL | TRADE | BEARISH | 01/16/26 | $1.77 | $1.68 | $1.68 | $5.00 | $33.6K | 34.5K | 803 |
| NIO | CALL | TRADE | BULLISH | 01/16/26 | $1.67 | $1.67 | $1.67 | $5.00 | $33.4K | 34.5K | 1.3K |
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.
In light of the recent options history for NIO, it's now appropriate to focus on the company itself. We aim to explore its current performance.
NIO's Current Market Status
- With a trading volume of 7,413,076, the price of NIO is down by -1.43%, reaching $4.47.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 39 days from now.
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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