NIO Whale Trades Spotted

Benzinga2022-08-16

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 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $616,428 and 11, calls, for a total amount of $755,474.

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 $17.5 to $45.0 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 $17.5 to $45.0 in the last 30 days.

NIO Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
NIOCALLSWEEPBULLISH09/16/22$22.50$197.2K8.1K4.6K
NIOCALLSWEEPBULLISH09/16/22$22.50$179.2K8.1K2.3K
NIOPUTSWEEPBULLISH03/17/23$25.00$160.1K4599
NIOPUTSWEEPBULLISH01/19/24$20.00$132.5K11.0K251
NIOPUTSWEEPBULLISH01/20/23$45.00$118.7K5.3K51

Where Is NIO Standing Right Now?

  • With a volume of 28,887,733, the price of NIO is up 0.85% at $21.29.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 11 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

  • blessed_1
    2022-08-16
    blessed_1
    Ok
  • Michane
    2022-08-16
    Michane
    Will stop trading this share after I clear my PUT expiry this Friday [Grin] 
  • aliciatng
    2022-08-16
    aliciatng
    Okay
  • Ong2021
    2022-08-16
    Ong2021
    Ok
  • Pepermintpat
    2022-08-16
    Pepermintpat
    Thanks for sharing
Leave a comment