Mixed options sentiment in NIO (NIO), with shares down 22c near $7.14. Options volume roughly in line with average with 191k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.37. Implied volatility (IV30) dropped 6.78 near 74.27,and above the 52wk median, suggesting an expected daily move of $0.33. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at UBS.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIO:
- BYD Stock Drops After Buffett’s Berkshire Exits Entire Stake
- Nio price target raised to $7.60 from $7.10 at BofA
- Nio’s Infrastructure Advancements and Financial Outlook Justify Hold Rating
- Nio’s Stock Soars Amid Strategic Moves and Optimism
- BYD (BYDDF) Taps Foreign Demand as EV Price War Bites Bottom Line