NIO's Recent Whale Trades: 76% of the Investors Stayed Bullish

Benzinga2022-08-11

A whale with a lot of money to spend has taken a noticeably bullish stance on NIO.

Looking at options history for NIO, we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 76% of the investors opened trades with bullish expectations and 23% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $781,001 and 4, calls, for a total amount of $219,494.

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 $17.5 to $55.0 in the last 30 days.

NIO Option Volume And Open Interest Over Last 30 DaysBiggest Options Spotted:

Where Is NIO Standing Right Now?

  • With a volume of 23,285,576, the price of NIO is up 3.6% at $19.86.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 13 days.

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Jason_LSE
    2022-08-11
    Jason_LSE
    A real bull or trap ?[Smug] [Thinking] 
  • Mikalee
    2022-08-11
    Mikalee
    Does this means the stock price might be more positive upcoming?
  • nctony
    2022-08-11
    nctony
    We want more please[Miser] 
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