Financial giants have made a conspicuous bullish move on NIO. Our analysis of options history for NIO NIO revealed 24 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $633,638, and 9 were calls, valued at $891,544.
Predicted Price Range
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
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NIO's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NIO's substantial trades, within a strike price spectrum from $3.0 to $15.0 over the preceding 30 days.
NIO Option Volume And Open Interest Over 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 | CALL | SWEEP | BULLISH | 12/20/24 | $1.26 | $1.18 | $1.26 | $3.50 | $252.0K | 49 | 2.0K |
| NIO | CALL | TRADE | BEARISH | 01/17/25 | $0.56 | $0.53 | $0.53 | $5.00 | $212.0K | 74.4K | 6.9K |
| NIO | CALL | SWEEP | BEARISH | 12/20/24 | $1.29 | $1.28 | $1.28 | $3.50 | $128.0K | 49 | 3.0K |
| NIO | CALL | TRADE | NEUTRAL | 12/20/24 | $0.87 | $0.85 | $0.86 | $4.00 | $86.0K | 6.1K | 1.3K |
| NIO | CALL | TRADE | BEARISH | 12/20/24 | $0.87 | $0.86 | $0.86 | $4.00 | $79.9K | 6.1K | 2.4K |
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
- Trading volume stands at 76,903,796, with NIO's price up by 0.95%, positioned at $4.67.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 0 days.
Professional Analyst Ratings for NIO
1 market experts have recently issued ratings for this stock, with a consensus target price of $6.6.
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. * In a positive move, an analyst from Macquarie has upgraded their rating to Outperform and adjusted the price target to $6.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for NIO, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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