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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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DiscoverGold
Where is the guy who calls this no leg Neo?? LOL
Love to see it! If June numbers are good... we’re going to blow past $50 and see $60 sooner than expected.
Let’s get this beast back over 50!
$NIO Weekly inside bar and a healthy rest after five green weeks in a row
By: Theta Warrior | June 27, 2021
• $NIO Weekly inside bar and a healthy rest after five green weeks in a row. Zooming in, daily shows a breather/consolidation in the form of a pennant on declining volume..
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DiscoverGold
In my view 8000 plus would cause pps to hit $50 easily
8,000+? Would be nice! Can’t wait to see 10,000+ when life is back to normal!
13strats,
Thanks for the update! If you hear anything on the numbers please post? I'll do the same.
I will be very interested in seeing what nio delivery numbers for june will be. They are keeping the numbers close to their chest. We should know something in a week or so
Nio looking great!
$NIO Today we are currently forming a Blue Doji Raindrop right below resistance after failing to break out
By: TrendSpider | June 24, 2021
• $NIO Today we are currently forming a Blue Doji Raindrop right below resistance after failing to break out. A retest of the breakout level seems likely.
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DiscoverGold
agreed keeps grinding higher
The 48's will fall. Probably not today or this week, but it's coming. LOTS of good things in the works for the company.
NIO chart looking crazy bullish
NIO looking great lets see these 48.00s fall
How China's carmarker Nio plans to rival Tesla https://str.sg/34nf
crossing over the vwap should explode imo
I am a long on every stock I own. NIO is the position I am adding to.
MMS' having fun with your money.
Disappointing price action today, even worse than Monday.
Noticed that XPEV and LI were also down significantly, but TSLA was up.
Could it be anything to do with them being China ADRs?
Very frustrating to see such huge dumping, especially on a positive day for the market in general.
lil bounce here.
Even worse than yesterday. Makes no sense
looks like a double bottom.
some large buys this morning.
I don t believe Tesla has the upside that NIO has by a long shot but I could be wrong.
I dont claim to be an ace when it comes to options but it had something to do with puts at $46. It was all done first thing in the morning. High volume
yeah, it was totally out of the blue. but rebounded nicely
seventhcircle: haven/t the foggiest idea. However I feel it a long term investment
yeah me neither. just huge sell off at open
Im not understanding price action at all. News has been really good
monster sell off this morning.... any idea why?
Mug: Well I'm in both TSLA and NIO
Tesla is over priced. And they have quality issues
Its a bad bet IMO.
$NIO Been strong dips to the 8D have been buyable now for 3 weeks.
By: Options Mike | June 20, 2021
• $NIO Been strong dips to the 8D have been buyable now for 3 weeks.
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DiscoverGold
Thankyou. That is a good article. I own both nio and ford.
3 Electrifying EV Stocks to Buy Now
By: MarketBeat | June 18, 2021
While electric vehicle stocks haven’t necessarily been as supercharged as they were during 2020, the long-term bullish narrative surrounding the industry is still intact. With consumer preferences quickly shifting towards EVs and plenty of government incentives in place that should entice drivers to go electric, companies that produce electric automobiles look like they are poised to deliver strong performance over the next few years.
Keep in mind that President Joe Biden has plans to put billions towards developing U.S. EV infrastructure along with other transportation sectors, which could be another strong catalyst for these stocks going forward. Although some of these companies might face near-term challenges related to the global chip shortage, there are enough tailwinds here to support building positions in the top names in EV. Several stocks in the sector stand out at this time, which is why we’ve put together the following list of 3 electrifying EV stocks to buy now. Let’s take a deeper look below.
• General Motors (NYSE:GM)
One of the major concerns about up-and-coming EV players is that they will face an uphill battle to separate themselves from all of the competition. That’s a big reason why General Motors is attractive, as the company already has so many successful brands including Buick, Cadillac, Chevrolet, GMC, and more. There’s also a lot to like about the fact that this company is already is generating strong sales and revenues with its gas-powered vehicles, and General Motors has big plans to electrify some of its most popular cars in the coming years.
The company recently announced that it is increasing its investment in electric and autonomous vehicles to $35 billion through 2025, which is a 30% increase above what the American automaker announced it would be spending last November. General Motors also has a strong balance sheet and benefits from high margins in North America which should help to fund the company’s electric ambitions. In Q1, General Motors delivered a 900% yearly increase in net income of $3 billion on $32.5 billion in revenue. There’s also a chance that the company will reinstate its dividend in the near future, which is another reason why it's one of the best EV stocks to consider adding now.
• Nio Inc (NYSE:NIO)
Next up is Chinese EV-maker Nio, a stock that looks to have turned the corner after facing selling pressure for the majority of 2021. This company manufactures and sells smart and connected vehicles that are powered by cutting-edge technology. It’s a company that deserves a look from EV investors thanks to the fact that the EV market is growing faster in China than in the U.S. at this time. According to Pew Research, China has 44% of all of the EVs in the world, and the country is moving forward with plenty of new government policies that should help the electric vehicle market grow even faster in the coming years.
Nio reported a quarterly record of 20,060 deliveries in Q1, up 423% year-over-year, and the company will soon start construction work on its second factory that could dramatically boost the Nio's production capabilities. Nio also has plans to expand into Europe soon, which is another rapidly expanding market that could drive the company’s growth to further heights. This is one electrifying EV stock that commands attention at the moment, especially thanks to the international exposure it has to offer.
• Ford Motors (NYSE:F)
Last on our list of electrifying EV stocks to buy now is Ford Motors, another legacy automaker that is pushing towards reinventing its business with new technology. The company is starting by producing zero-emissions versions of its most popular vehicles including classic Ford cars like the Mustang and the F-150. The company’s CEO, Jim Farley, stated back in May that the company expects 40% of its global vehicle production to be all-electric by the year 2030. This is a strong statement of intent that tells investors everything they need to know about this company’s plans for electrifying its business model.
Another reason to look at Ford right now is the fact that the company recently announced that it expects operating earnings in the second quarter to be better than its previously provided estimate. Higher demand for the company’s pickup trucks and sports utility vehicles could reward investors with a nice earnings boost in the coming months. As more details come out surrounding the Ford F-150 Lightning, there’s a strong chance that Ford stock powers higher. It’s a great buy-the-dip candidate if you are interested in an EV stock with an established business and a strong balance sheet.
Ford Motor is a part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs.
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DiscoverGold
I know we made a lot of money this past couple of weeks but it should hit $50 probably this month or next. Looking at the chart it should have a uptrend soon.
NIO has been an absolute beast the past few weeks. would love to see 50$
you are crazy if your selling off NIO look at the growth % NIO is going to take off!!!!
I sold my tesla holdings and i have to say way to early. But, it allowed me to buy nio and a few others plus take a vacation. My ave right now stands at 4.25. Ive bought into ford and potx. Of course, everything is down today
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.
NIO News
NIO's Game-changer: Unveiling the 1,000 KM Range Electric Vehicle Battery | New Era in EV Technology! | |
NIO featured on CNN |
Company Contact Information:
NIO. Inc. (China) P:862169083306
No. 56 Antuo Road Investor
Jiading Shanghai 201804 Relations
Website: www.nio.com
Twitter twitter.com/NIOGlobal
Instagram www.instagram.com/nioglobal
Facebook www.facebook.com/NIOGlobal
News www.nio.com/news
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