Looking At NIO's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for NIO (NYSE:NIO), with a majority of investors taking a bullish stance. Of the 25 unusual trades detected, 56% were bullish and 44% were bearish. The total amount for puts was $199,182 and for calls was $1,653,542. Whales have been targeting a price range from $4.0 to $22.5 for NIO over the last 3 months. The current price of NIO is down -4.74% at $14.57. UBS and JP Morgan have maintained their Neutral rating on NIO, while Morgan Stanley downgraded its action to Overweight.
August 04, 2023 | 9:22 am
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NEUTRAL IMPACT
Unusual options activity has been observed for NIO, with a majority of investors taking a bullish stance. The current price of NIO is down -4.74% at $14.57. Analysts have mixed ratings on the stock.
The unusual options activity indicates that investors are speculating on the future price of NIO, with a majority taking a bullish stance. However, the current price of the stock is down, indicating a bearish short-term trend. The mixed analyst ratings further add to the uncertainty around the stock's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100