Option traders electrified by Nikola flow as shares get a jolt. Call volume 10x normal in the electric truck maker today with shares up nearly 43c, or 40%, near $1.52 in very heavy spot volume of 180M shares and little news on the tape to explain the surge. June 1.5 calls lead the action with 31k contracts trading from 2c to 44c, with larger trades including an early sweep of 7005 for a nickel just after the open with shares $.23, and a later sweep of 800 near 11am for 16c.
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Published first on TheFly
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