Investors with a lot of money to spend have taken a bearish stance on Li Auto LI.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for Li Auto.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $469,710, and 12 are calls, for a total amount of $766,038.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $24.0 to $34.0 for Li Auto during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Li Auto stands at 2451.17, with a total volume reaching 5,332.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Li Auto, situated within the strike price corridor from $24.0 to $34.0, throughout the last 30 days.
Li Auto Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LI | PUT | SWEEP | BULLISH | 06/20/25 | $7.1 | $6.95 | $6.95 | $30.00 | $173.7K | 123 | 6 |
| LI | PUT | SWEEP | BULLISH | 06/20/25 | $7.1 | $6.9 | $6.9 | $30.00 | $172.5K | 123 | 270 |
| LI | CALL | SWEEP | BEARISH | 06/21/24 | $5.35 | $5.25 | $5.25 | $25.00 | $157.5K | 6.1K | 368 |
| LI | CALL | TRADE | NEUTRAL | 01/17/25 | $6.1 | $6.0 | $6.05 | $30.00 | $136.1K | 9.2K | 165 |
| LI | CALL | TRADE | BEARISH | 06/21/24 | $5.3 | $5.15 | $5.2 | $25.00 | $104.0K | 6.1K | 568 |
About Li Auto
Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.
In light of the recent options history for Li Auto, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Li Auto Standing Right Now?
- With a trading volume of 10,096,597, the price of LI is up by 3.93%, reaching $29.1.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 11 days from now.
Professional Analyst Ratings for Li Auto
In the last month, 2 experts released ratings on this stock with an average target price of $32.5.
- An analyst from Macquarie downgraded its action to Outperform with a price target of $40.
- An analyst from Barclays downgraded its action to Equal-Weight with a price target of $25.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Li Auto with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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