Deep-pocketed investors have adopted a bearish approach towards NIO (NYSE:NIO), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NIO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for NIO. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $1,292,589, and 4 are calls, amounting to $183,800.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.0 to $25.0 for NIO over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NIO's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NIO's significant trades, within a strike price range of $2.0 to $25.0, over the past month.
NIO Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
NIO | PUT | SWEEP | BULLISH | 01/17/25 | $20.6 | $20.5 | $20.5 | $25.00 | $1.0M | 7 | 0 |
NIO | PUT | SWEEP | BEARISH | 12/20/24 | $1.38 | $1.38 | $1.38 | $5.00 | $99.7K | 24.9K | 722 |
NIO | PUT | SWEEP | BEARISH | 12/20/24 | $1.39 | $1.36 | $1.39 | $5.00 | $66.4K | 24.9K | 1.2K |
NIO | CALL | SWEEP | BEARISH | 05/17/24 | $0.67 | $0.65 | $0.65 | $4.00 | $65.1K | 28.8K | 6.5K |
NIO | CALL | SWEEP | BEARISH | 05/17/24 | $0.64 | $0.62 | $0.62 | $4.00 | $62.0K | 28.8K | 4.1K |
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.
Having examined the options trading patterns of NIO, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is NIO Standing Right Now?
With a trading volume of 39,253,914, the price of NIO is up by 9.2%, reaching $4.51.
Current RSI values indicate that the stock is may be approaching overbought.
Next earnings report is scheduled for 42 days from now.
Professional Analyst Ratings for NIO
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $4.5.
Reflecting concerns, an analyst from Barclays lowers its rating to Underweight with a new price target of $4.
Reflecting concerns, an analyst from Macquarie lowers its rating to Neutral with a new price target of $5.
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