Whales is what you called to the investors with a large amount of money. Following these Benzinga Charts, we can see the Calls Volume descending and during the last days a spike in the Puts Interest – which means options are Bearish right now for NIO.
According to Benzinga, if we consider the specifics of each trade, “it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.”
From the overall spotted trades, 3 are puts, for a total amount of $152,325 and 7, calls, for a total amount of $515,804. Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NIO‘s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts.
NIO Option Volume And Open Interest Over Last 30 Days
Volume and Open Interest are a powerful move while trading options and let the investors track the liquidity and interest for the company’s options for a given strike price.
Check the Full Benzinga Article here: https://www.benzinga.com/markets/options/21/12/24795786/what-are-whales-doing-with-nio