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 10 uncommon options trades for Li Auto.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $211,890, and 6 are calls, for a total amount of $934,109.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $26.0 to $55.0 for Li Auto over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Li Auto's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Li Auto's substantial trades, within a strike price spectrum from $26.0 to $55.0 over the preceding 30 days.
Li Auto Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LI | CALL | TRADE | NEUTRAL | 01/19/24 | $26.00 | $588.5K | 4.1K | 1.0K |
| LI | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $159.1K | 2.7K | 112 |
| LI | PUT | SWEEP | BEARISH | 06/21/24 | $37.00 | $89.7K | 3.2K | 201 |
| LI | CALL | SWEEP | BEARISH | 03/15/24 | $45.00 | $82.3K | 3.3K | 499 |
| LI | PUT | SWEEP | BULLISH | 01/17/25 | $50.00 | $58.6K | 230 | 37 |
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 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.
Having examined the options trading patterns of Li Auto, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Li Auto Standing Right Now?
- With a trading volume of 5,366,084, the price of LI is down by -2.09%, reaching $37.44.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 88 days from now.
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 Li Auto 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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