Spotlight on NIO: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on NIO.

Looking at options history for NIO NIO we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $249,150 and 8, calls, for a total amount of $1,574,644.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.0 to $15.0 for NIO over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $3.0 to $15.0 in the last 30 days.

NIO Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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 volume of 26,633,790, the price of NIO is down -1.76% at $4.46.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 65 days.

Professional Analyst Ratings for NIO

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $6.16.

• An analyst from Barclays has decided to maintain their Equal-Weight rating on NIO, which currently sits at a price target of $5.
• Consistent in their evaluation, an analyst from Bernstein keeps a Market Perform rating on NIO with a target price of $5.
• Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for NIO, targeting a price of $5.
• Maintaining their stance, an analyst from HSBC continues to hold a Buy rating for NIO, targeting a price of $7.
• An analyst from B of A Securities persists with their Neutral rating on NIO, maintaining a target price of $6.

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.