Bullish option flow detected in NIO with 111,713 calls trading, 4x expected, and implied vol increasing over 4 points to 85.41%. May-24 7 calls and May-24 5.5 calls are the most active options, with total volume in those strikes near 53,000 contracts. The Put/Call Ratio is 0.11. Earnings are expected on June 6th.
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