Financial, market and economic news

A Look At Unusually Large Nio Option Trades As Stock Hits All-Time Highs

Nio Inc – ADR (NYSE: NIO) shares are up 1,720% over the past year, and some large option traders are betting the Nio rally has legs.

The Nio Trades: On Thursday, Benzinga Pro subscribers received several option alerts related to unusually large Nio trades Here are a handful of the largest:

  • At 9:31 a.m., a trader bought 2,001 Nio call options with a $25 strike price expiring on Friday near the ask price at $2.201. The trade represented a $440,421 bullish bet.
  • At 9:43 a.m., a trader sold 2,739 Nio call options with a $23 strike price expiring on Oct. 23 near the bid price at $4.112. The trade represented a more than $1.1-million bearish bet.
  • At 10:02 a.m., a trader bought 984 Nio call options with a $30 strike price expiring on Feb.19 near the ask price at $5.601. The trade represented a $551,538 bullish bet.
  • At 10:11 a.m., a trader sold 560 Nio call options with a $23 strike price expiring on Feb. 19 near the bid price at $9. The trade represented a $504,000 bearish bet.

Related Link: Nikola …

Read More

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More

Privacy & Cookies Policy