Check Out What Whales Are Doing With XPEV

Investors with a lot of money to spend have taken a bearish stance on XPeng XPEV.

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 XPEV, 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 15 uncommon options trades for XPeng.

This isn't normal.

The overall sentiment of these big-money traders is split between 13% bullish and 66%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $286,182, and 8 are calls, for a total amount of $375,100.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $27.0 for XPeng, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for XPeng options trades today is 3233.88 with a total volume of 2,129.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for XPeng's big money trades within a strike price range of $15.0 to $27.0 over the last 30 days.

XPeng Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About XPeng

Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.

In light of the recent options history for XPeng, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is XPeng Standing Right Now?

• Trading volume stands at 7,842,783, with XPEV's price down by -5.32%, positioned at $24.94.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 6 days.

Expert Opinions on XPeng

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.5.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Showing optimism, an analyst from UBS upgrades its rating to Neutral with a revised price target of $18. * In a positive move, an analyst from Citigroup has upgraded their rating to Buy and adjusted the price target to $29.

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 XPeng with Benzinga Pro for real-time alerts.