Schaeffer's Top Stock Picks for '25

Options Traders Continue to Target Nio Stock

Nio stock is down just over 26% in 2021

Deputy Editor
Oct 11, 2021 at 2:42 PM
facebook X logo linkedin


Below is a list of 20 stocks that have attracted the highest weekly options volume in the last 10 trading days, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. One name that stands out on this list is Nio Inc (NYSE:NIO). The equity is no stranger to White's list, and given the ample interest in electric vehicle stocks as a whole, it may be a good time to revisit Nio stock. 

According to White's data, in the past 10 days, NIO's options pits have seen 563,834 calls and 216,806 puts exchanged. The most popular contract during that two-week period was the weekly 10/8 36-strike call, followed by the October 35 call.   

MAO Chart Oct 11

Nio stock was last seen moving slightly higher, up 0.3% at $35.92. On the charts, the China-based Tesla (TSLA) competitor has struggled since an early August bear gap forced the shares beneath the $40 level. NIO went on to find a temporary floor at the $33 area, with newfound resistance from the 320-day moving average -- a historically supportive trendline that has pressured the shares since mid September. Year-to-date, Nio stock is down 26.2%.

NIO Chart October 11

Now could be a good time to weigh in on the security's next move with options. The stock is seeing attractively priced premiums at the moment, per NIO's Schaeffer's Volatility Index (SVI) of 55%, which sits in the 10th percentile of its annual range. Furthermore, the security's Schaeffer's Volatility Scorecard (SVS) sits at a high 93 out of 100, meaning SYF has exceeded option traders' volatility expectations during the past year.

It's also worth noting that analysts are extremely bullish on the equity. In fact, all six in coverage sport a "strong buy" or "buy" rating. Plus, the 12-month consensus price target of $58.47 is a 62.4% premium to current level, suggesting Nio stock is overdue for a round of bull notes. 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter