Nikola Corporation's stock is seeing an uptick today, likely driven by notable changes in options trading activity. A significant increase in open interest for Nikola's options was reported, with 61,000 new weekly 1.5 call positions opened for January 24th. This surge in options activity suggests heightened investor interest and potential speculation on future price movements, which could be contributing to the stock's upward momentum.
The current price of Nikola's stock is $1.16, reflecting a 1.75% increase from the previous close of $1.14. The stock opened at $1.18 and has reached a high of $1.22 and a low of $1.15 so far today. Despite being early in the trading day, the volume is relatively low at 2,400,954 shares, accounting for 24.44% of the average daily volume of 9,825,708.