NIO Option Alert: Jun 2 $8 Calls Sweep (6) near the midpoint: 3034 @ $0.33 vs 3530 OI; Earnings 6/9 Before Open Ref=$7.965
Portfolio Pulse from Charles Gross
NIO option alert for June 2nd $8 calls sweep with 3034 contracts at $0.33, compared to 3530 open interest. Earnings report scheduled for June 9th before market open.
May 24, 2023 | 1:43 pm
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NIO experiences increased options activity with June 2nd $8 calls sweep. Earnings report scheduled for June 9th before market open.
The news highlights increased options activity for NIO, specifically the June 2nd $8 calls sweep. This may indicate that some investors are expecting a price movement around the earnings report on June 9th. However, it is difficult to predict the short-term impact on the stock price based solely on this information.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100