Moderately bullish activity in NIO (NIO), with shares up 10c, or 3.02%, near $3.58. Options volume more than double the daily average with 103k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 3.7 points near 55.78,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.13. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIO:
- Charged: Tesla sinks as Elon Musk seeks to form new political party
- France Just Fined Shein €40M, Saying “You Can’t Greenwash Your Way Out of This”
- Moderately bullish activity in NIO with shares down 0.71%
- Tesla China Sales Rebound, Insurance Registrations Hit Q2 High
- XPEV or NIO: Which EV Maker Had a Stronger June?