The security is still facing potential pressure at its 30-day moving average, however, and it just logged a 35% drop for 2021. NIO is in the process of accelerating the production capacity expansion in December 2020 to accommodate the increasing order growth. As of November 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 68,634 vehicles. 19 low of $27.52, and just broke through pressure at the $32 level following a 16.2% pop last week. provided its November 2020 delivery results. NIO has staged an aggressive bounce off its Dec. ![]() This suggests these traders are expecting more upside for the security by the week's end when these positions expire. The most popular contract is the weekly 1/7 35-strike call, followed by the 33-strike call in the same weekly contract, with positions being bought to open at both. So far, 239,000 calls have exchanged hands, which is double the intraday average, compared to 46,000 puts. This bullishness is pervasive in today's trading. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), NIO sports a 50-day call/put volume ratio of 3.00, which stands higher than 82% of readings from the past year. NIO delivered 17,353 vehicles in the fourth quarter of 2020, representing an increase of 111.0 year-over-year and exceeding the higher end of the Company’s quarterly guidance. Options traders have been picking up calls at a quicker-than-usual clip, too. ![]() ![]() The most popular contract during that two-week period was the weekly 12/31 33-strike call with 30-strike call in the same weekly series in close second. In fact, the NIO just popped up on Schaeffer's Senior Quantitative Analyst Rocky White's list of names that have attracted the highest weekly options volume over the last two weeks, where 2,733,470 weekly calls and 1,062,264 weekly puts have crossed the tape. The announcement has attracted the attention of options traders, which were already targeting the equity with some exuberance. Nio Inc (NYSE:NIO) is up 4.3% at $33.01 this afternoon after the Chinese electric vehicle (EV) company announced 10,489 vehicle deliveries in December, as well as 50% growth from December 2020.
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