NIO Dark Pool Selling Ahead Of Worsening China Relations

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A dark pool trade occurred in NIO stock on October 21, 2022. We think the dark pool trade was a sell order because of how NIO stock plunged after the trade hit the tape.

NIO stock chart on October 24, 2022, with dark pool trade shown in orange bar, with table on the right with the text TIME SYMBOL MESSAGE PRICE 10/21/22 NIO 2,255,800 BLOCK S24.0M 4.35% AvgVol $11.06

Make sure to review this lesson on dark pool trading so that you understand the chart above.

The narrative emerges that one of the largest shareholders in NIO stock reduced a long position a day before Attorney General Garland issued charges against high-ranking Chinese officials.

Largest shareholders in NIO stock as of October 24, 2022, with a table with the text Holder Shares Date Reported % Out Value Baillie Gifford and Company 96,731,139 Jun 29, 2022 6.36% 914,109,245 Blackrock 61,343,330 Jun 29, 2022 4.03% 579,694,456 Vanguard Group 50,256,923 Jun 29, 2022 3.30% 474,927,912 Goldman Sachs Group 29,674,587 Jun 29, 2022 1.95% 280,424,841 State Street Corporation 25,749,405 Jun 29, 2022 1.69% 243,331,872

U.S. Attorney General Merrick Garland announces charges against Chinese agents

Bearish Option Flow In NIO Stock

Bearish option flow occurred in NIO stock on October 24, 2022.

NIO stock bearish options flow on October 24, 2022, with a table with the text TIME SYMBOL EXP STRIKE C/P SPOT DETAILS TYPE VALUE 1253:15 NIO 03/17/23 10 PUT 9.40 229@2.41_A SWEEP $55.2K 102850 NIO 12/02/22 9 PUT 9.23 4087@1.15_A SWEEP $470K 8:1657 NIO 11/25/22 10 PUT 9.23 396@1.61_A BLOCK $63.8K 8:14:07 NIO 12/16/22 10 PUT 9.17 151 @1.91 _A SWEEP $28.8K 8:06:01 NIO 01/20/23 8 PUT 9.07 450@1.13_A BLOCK $50.9K 7:4456 NIO 01/20/23 8 PUT 8.88 263@1.2_A SWEEP $31.6K 7:44:47 NIO 01/20/23 8 PUT 8.88 5OO@1.2_A SWEEP $60K 7:44:40 NIO 01/20/23 8 PUT 8.86 242@1.2_A SWEEP $29K 7:39:25 NIO 02/17/23 10 PUT 8.71 317@2.57_A SWEEP $81.5K 7:39:20 NIO 02/17/23 75 PUT 8.72 169@1.17_A SWEEP $19.8K 7:35:17 NIO 02/17/23 75 PUT 8.70 306@1.18_A SWEEP $36.1 K 7:35:02 NIO 02/17/23 10 PUT 8.66 285@2.62_A SWEEP $74.7K 7:27:35 NIO 05/19/23 75 PUT 838 357@1.61_A SWEEP $57.5K 7:27:17 NIO 12/16/22 4 PUT 8.40 900@0.12 A SWEEP $10.8K

Make sure to review this lesson on option flow so that you understand the image above.

NIO Stock Technical Analysis

NIO stock is in a strong downtrend. Long-term indicators suggest a continuation of the downtrend. Short-term indicators suggest NIO stock is in highly oversold territory, so a bounce or trend reversal is possible.

NIO stock chart on October 24, 2022, in downtrend channel pattern with a negative MACD and negative money flow.
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