NIO Options Trading: A Deep Dive into Market Sentiment – NIO (NYSE:NIO)

Financial giants have made a conspicuous bearish move on NIO. Our analysis of options history for NIO NIO revealed 42 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 39 were puts, with a value of $20,985,480, and 3 were calls, valued at $136,300.

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 $5.0 to $20.0 for NIO during the past quarter.

Insights into Volume & Open Interest

In today’s trading context, the average open interest for options of NIO stands at 20209.36, with a total volume reaching 310,454.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NIO, situated within the strike price corridor from $5.0 to $20.0, throughout the last 30 days.

NIO Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NIO PUT SWEEP NEUTRAL 02/16/24 $13.00 $6.6M 28.5K 26.3K
NIO PUT SWEEP BULLISH 02/16/24 $13.00 $3.6M 28.5K 13.5K
NIO PUT SWEEP BULLISH 02/16/24 $13.00 $1.9M 28.5K 16.5K
NIO PUT SWEEP BULLISH 02/16/24 $13.00 $1.1M 28.5K 27.9K
NIO PUT SWEEP BEARISH 02/16/24 $13.00 $1.0M 28.5K 5.9K

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 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.

After a thorough review of the options trading surrounding NIO, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of NIO

  • With a trading volume of 62,130,684, the price of NIO is up by 3.17%, reaching $6.5.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 41 days from now.

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.

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