Financial giants have made a conspicuous bullish move on Nikola. Our analysis of options history for Nikola NKLA revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $155,594, and 7 were calls, valued at $1,370,037.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $4.0 to $8.0 for Nikola during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Nikola stands at 4147.33, with a total volume reaching 21,861.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Nikola, situated within the strike price corridor from $4.0 to $8.0, throughout the last 30 days.
Nikola 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
NKLA | CALL | TRADE | BULLISH | 10/04/24 | $1.1 | $0.86 | $1.1 | $4.50 | $1.1M | 11.0K | 10.8K |
NKLA | CALL | SWEEP | BULLISH | 01/17/25 | $0.53 | $0.4 | $0.53 | $8.00 | $106.2K | 789 | 2.0K |
NKLA | PUT | SWEEP | BULLISH | 01/16/26 | $2.56 | $2.55 | $2.55 | $5.00 | $103.0K | 1.0K | 511 |
NKLA | CALL | SWEEP | BULLISH | 01/16/26 | $2.48 | $1.92 | $2.48 | $4.00 | $49.6K | 41 | 211 |
NKLA | CALL | TRADE | BEARISH | 01/17/25 | $0.9 | $0.74 | $0.79 | $6.00 | $31.6K | 3.6K | 601 |
About Nikola
Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.
After a thorough review of the options trading surrounding Nikola, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Nikola
- With a trading volume of 14,621,293, the price of NKLA is up by 13.87%, reaching $5.29.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 29 days from now.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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 Nikola with Benzinga Pro for real-time alerts.
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