Deep-pocketed investors have adopted a bearish approach towards EHang Holdings EH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 75 extraordinary options activities for EHang Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 57% bearish. Among these notable options, 73 are puts, totaling $15,125,544, and 2 are calls, amounting to $65,160.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $17.0 for EHang Holdings, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in EHang Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to EHang Holdings's substantial trades, within a strike price spectrum from $10.0 to $17.0 over the preceding 30 days.
EHang Holdings 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EH | PUT | SWEEP | BULLISH | 10/18/24 | $5.1 | $4.8 | $5.0 | $17.00 | $505.0K | 13.8K | 9.5K |
| EH | PUT | SWEEP | BULLISH | 10/18/24 | $5.0 | $4.9 | $4.9 | $17.00 | $501.7K | 13.8K | 8.5K |
| EH | PUT | TRADE | BULLISH | 10/18/24 | $5.1 | $5.0 | $5.0 | $17.00 | $500.0K | 13.8K | 10.5K |
| EH | PUT | SWEEP | BEARISH | 10/18/24 | $4.9 | $4.8 | $4.9 | $17.00 | $489.6K | 13.8K | 7.5K |
| EH | PUT | SWEEP | BEARISH | 10/18/24 | $4.8 | $4.7 | $4.8 | $17.00 | $480.0K | 13.8K | 6.5K |
About EHang Holdings
EHang Holdings Ltd is an autonomous aerial vehicle (AAV) technology platform company. It focuses on making safe, autonomous and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility industry, it continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.
Following our analysis of the options activities associated with EHang Holdings, we pivot to a closer look at the company's own performance.
EHang Holdings's Current Market Status
- With a trading volume of 2,716,361, the price of EH is down by -10.68%, reaching $12.13.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 27 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for EHang Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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