Bullish option flow detected in NIO with 185,847 calls trading, 3x expected, and implied vol increasing over 3 points to 71.80%. 1/27 weekly 12.5 calls and Mar-23 12.5 calls are the most active options, with total volume in those strikes near 55,900 contracts. The Put/Call Ratio is 0.21. Earnings are expected on February 28th.
Published first on TheFly
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