I’ve taken a thorough look at the stocks Wall Street’s fat cats are looking at heading into a new week of trading…
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| SMTI | Sanara Medtech Inc | Surgical appliances and supplies | 9.08% | 4,911 |
| TSLA | Tesla Inc | Auto Manufacturers | 42.41% | 14,561,182 |
| INO | Inovio Pharmaceuticals Inc | Biotechnology | 55.95% | 46,627,976 |
| NIO | Nio Inc – ADR | Auto Manufacturers | 46.17% | 159,077,223 |
| VXRT | Vaxart Inc | Biotechnology | 83.37% | 39,854,929 |
| BOXL | Boxlight Corp | Communication Equipment | 71.66% | 26,192,539 |
| MVIS | Microvision, Inc. | Scientific & Technical Instruments | 61.62% | 13,541,374 |
| AMZN | Amazon.com, Inc. | Internet Retail | 16.93% | 5,022,068 |
| XSPA | XpresSpa Group Inc | Personal Services | -104.30% | 12,091,757 |
| NFLX | Netflix Inc | Entertainment | 15.96% | 8,535,570 |
| NJMC | New Jersey Mining Company | Gold and Silver Ores | 40.63% | 142,346 |
| HTBX | Heat Biologics Inc | Biotechnology | 63.82% | 29,555,826 |
| IBIO | Ibio Inc | Biotechnology | 56.78% | 21,671,447 |
| SRNE | Sorrento Therapeutics Inc | Biotechnology | 44.62% | 26,330,035 |
| MRNA | Moderna Inc | Biotechnology | 36.12% | 22,829,866 |
| AAPL | Apple Inc. | Consumer Electronics | 16.35% | 36,586,185 |
| SPOT | Spotify Technology SA | Internet Content & Information | 30.92% | 3,948,563 |
| NVAX | Novavax, Inc. | Biotechnology | 68.21% | 7,413,832 |
| MSFT | Microsoft Corporation | Software – Infrastructure | 9.84% | 34,728,659 |
| EQ | Equillium Inc | Biotechnology | 78.07% | 4,812,952 |
You may have heard about NIO Inc (NYSE: NIO), the Chinese electronic car manufacturer whose stock is up nearly 400% in price-per-share this year.
You may have seen this stock in headlines, on television… maybe it’s even on your personal watchlist.
This is one of NIO’s products… Do you find it appealing?
Regardless, NIO has been a standout in unusual call option activity in 2020.
Just last week, a big-money option player came in and bought…
A $275,000 Purchase
On an $11 stock..
This means that this option player was willing to bet $275,000 that NIO increases even more in price-per-share by August 7 at the very latest…
As if nearly a 400% increase in price-per-share in 2020 isn’t good enough for them!
Just so you know, a position of that size isn’t something I see too often on stocks trading under $20/share.
An important technical lesson to take away from the chart above is that after spending a few days in overbought territory, NIO has pulled back to its 20-day simple moving average line support (green line above) and could be poised for a pop – maybe as soon as today.
While I do know the buyers are out on NIO August 7 10 Calls, NIO has seen a tremendous amount of unusual call option activity in 2020, so I may consider trading a different option contract.
It’ll depend on where the biggest money flow can be found.
And if I make a move on it…
I’ll be sure to let you know.
Davis Martin
America’s #1 Options Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.