AAL

Disappointing Q2 Results Drag EV Stock

The security is down more than 50% year-over-year

Digital Content Manager
Aug 29, 2023 at 10:15 AM
facebook X logo linkedin


Nio Inc (NYSE:NIO) earlier announced worse-than-expected second-quarter losses and revenue. The electric vehicle (EV) name also saw its delivery numbers dwindle year over year, and issued a fiscal third-quarter revenue outlook that was below analysts' estimates. At last check, NIO was down 7.9% at $10.15.

Today's bear gap early sent the security below a floor at the $10 level, and it's on track close below its 80-day moving average for the first time since June. Nio stock is a far cry from this year's Aug. 4 high of $16.18, and is down nearly 50% over the last 12 months. 

Overall options volume is already running at six times the intraday average amount, with 100,000 calls and 51,000 puts traded so far. Most active is the weekly 9/1 9.50-strike put, where positions are being opened. NIO is also on the short sale restricted (SSR) list today. 

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.