IMC-Chicago doubles Nio and XPeng bets, trims Tesla and exits Rivian
IMC-Chicago more than doubled equity stakes in Nio and XPeng in Q2 2026 while cutting its Tesla position by about 45%. It fully exited Rivian and had already sold its Lucid stake earlier. Call holdings fell as those assets’ values declined, while overall option positioning increased in dollar terms, and the firm also opened a Ford equity position.