This Is What Whales Are Betting On NIO

This Is What Whales Are Betting On NIO

Someone with a lot of money to spend has taken a bullish stance on NIO (NYSE:NIO).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NIO, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 37 uncommon options trades for NIO.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,684,147, and 18 are calls, for a total amount of $823,282.

What's The Price Target?

Taking …

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