NIO Option Alert: Sep 29 $10 Calls Sweep (25) near the Ask: 1183 @ $0.631 vs 1092 OI; Ref=$10.0199
Portfolio Pulse from Charles Gross
There has been a significant option alert for NIO Inc. with Sep 29 $10 calls sweep near the ask price. The volume of 1183 is higher than the open interest of 1092, indicating new positions are being opened.
September 07, 2023 | 4:23 pm
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POSITIVE IMPACT
The high volume of Sep 29 $10 calls for NIO indicates bullish sentiment among investors, which could potentially drive the stock price up in the short term.
The volume of the Sep 29 $10 calls is higher than the open interest, which means new positions are being opened. This is typically a bullish signal as investors are expecting the price to rise above $10 by Sep 29. Therefore, this could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100