It has been a interesting day for NIO investors after a highly unusual amount of call options were traded today, with no positive news. Speculation is rife that there is a possible tie up with APPLE on the horizon. Acting upon A rumor alone would be a very risky strategy to purchase 166,000 call options. This will be on the watchlist Monday for option activity.
Company Description
NIO, Inc. (China) is a holding company, which engages in the design, manufacture, and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Its products include EP9 supercar and ES8 7-seater SUV. The company provides users with home charging, and power express valet service and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration.
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