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$NIO Breakout going to hold?
By: TrendSpider | June 29, 2021
• $NIO #NIO Breakout going to hold?
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NIO Will Surpass Tesla as China's Top EV Maker, Navellier Says
By: TheStreet | June 28, 2021
• 'The reality is' that NIO is verging on 'dominating the EV market in China and Hong Kong,” the money manager and commentator Louis Navellier says.
NIO (NIO) shares rose Monday after Louis Navellier, chief investment officer of money manager Navellier, said the Chinese electric-car maker will surpass Tesla (TSLA) in China.
“Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” he wrote in a commentary.
“I’m talking about NIO. The reality is that this company is on the verge of dominating the EV market in China and Hong Kong.”
NIO American depositary receipts recently traded at $49.23, up 9.2%. They have climbed 27% in the past month amid investor enthusiasm for EVs.
Tesla recently traded at $687.47, up 2.3%, and has gained 9% in the past month.
As for NIO, “the company boasts that it is the ‘next-generation car company,’ as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence,” Navellier said.
“The company is also partnering with cutting-edge chip companies like Nvidia (NVDA).”
Earlier this month, NIO said that "Gemini" was the code name for a new high-end electric-vehicle lineup to be launched next year. The move buried speculation that the Shanghai EV maker was looking to release a less-expensive mass-entry-level electric car.
NIO supplier JAC Group last month invited bids to build a NIO production line code-named “Gemini” that would produce 60,000 units a year. That sparked speculation that it would be a new entry-level NIO model.
Also in June, NIO reported a more than 95% year-over-year increase in deliveries for May. Citi analyst Jeff Chung upgraded the stock to buy from neutral while raising his price target to $58.30 from $57.60.
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Options Traders Speculate on Surging Tesla Competitor
By: Schaeffer's Investment Research | June 28, 2021
• NIO weekly options are being scooped up at a rapid clip
• Nio has tacked on nearly 27% in June
China-based electric vehicle manufacturer Nio Inc (NYSE:NIO) is one of the best performing stocks on the New York Stock Exchange today. At last check, the security is up 8.7% at $49.01, eyeing its highest close since March 1. NIO boasts a 26.9% lead over the last month and a 609.7% year-to-date gain. Options traders have been taking notice of the Tesla (TSLA) competitor as a result.
In response to today's price action, 310,000 calls and 111,000 puts have crossed the tape, which is nearly double the average intraday volume. Most popular is the weekly 7/2 50-strike put, followed by the 48-strike call from the same series, with positions being opened at both.
Calls have been the popular choice of late, per Nio stock's 10-day call/put volume ratio of 3.28 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands higher than 79% of readings from the past year, suggesting calls are being picked up at a quicker-than-usual rate.
These traders have picked an opportune time to speculate on NIO with options, as premiums can be had for a bargain at the moment. The equity's Schaeffer's Volatility Index (SVI) of 55% is higher than just 2% of readings from the last 12 months, indicating that the options market is pricing in relatively low volatility expectations right now.
Plus, Nio stock's Schaeffer's Volatility Scorecard (SVS) sits at 100 out of a possible 100. This means the security has managed to exceed volatility expectations during the past year -- a boon for option buyers.
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NIO Power is a mobile internet-based power solution with extensive networks for battery charging and battery swap facilities. Enhanced by Power Cloud, it offers a power service
the system with chargeable, swappable, and upgradable batteries to provide users with power services catering to all scenarios.
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