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 15 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 26% leaning bullish and 53% bearish. Among these notable options, 8 are puts, totaling $512,620, and 7 are calls, amounting to $352,003.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $30.0 for EHang Holdings over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for EHang Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of EHang Holdings's whale trades within a strike price range from $10.0 to $30.0 in the last 30 days.
EHang Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EH | PUT | TRADE | NEUTRAL | 11/15/24 | $1.2 | $0.9 | $1.05 | $14.00 | $104.6K | 5.0K | 2.0K |
| EH | PUT | SWEEP | BEARISH | 11/15/24 | $1.0 | $0.95 | $1.0 | $14.00 | $99.8K | 5.0K | 1.0K |
| EH | PUT | TRADE | BULLISH | 11/15/24 | $1.1 | $1.05 | $1.05 | $14.00 | $94.3K | 5.0K | 3.1K |
| EH | PUT | SWEEP | BULLISH | 01/17/25 | $2.6 | $2.2 | $2.35 | $15.00 | $94.0K | 7.8K | 0 |
| EH | CALL | TRADE | BULLISH | 01/17/25 | $7.0 | $6.9 | $7.0 | $12.50 | $84.0K | 937 | 0 |
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.
Present Market Standing of EHang Holdings
- Currently trading with a volume of 4,743,767, the EH's price is down by -16.22%, now at $17.82.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 43 days.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest EHang Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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