High-rolling investors have positioned themselves bullish on Li Auto LI, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Li Auto. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $62,000, and 9 calls, totaling $7,270,314.
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 $65.0 for Li Auto during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Li Auto'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 Li Auto's whale activity within a strike price range from $24.0 to $65.0 in the last 30 days.
Li Auto Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LI | CALL | SWEEP | BEARISH | 01/17/25 | $27.00 | $3.1M | 8.1K | 6.0K |
| LI | CALL | SWEEP | BEARISH | 01/17/25 | $27.00 | $2.3M | 8.1K | 1.0K |
| LI | CALL | SWEEP | BULLISH | 01/17/25 | $27.00 | $556.9K | 8.1K | 470 |
| LI | CALL | TRADE | BULLISH | 01/17/25 | $27.00 | $395.3K | 8.1K | 665 |
| LI | CALL | TRADE | BEARISH | 01/17/25 | $27.00 | $381.4K | 8.1K | 3.3K |
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.
Li Auto's Current Market Status
- With a volume of 986,646, the price of LI is down -2.32% at $34.45.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 68 days.
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 Li Auto, 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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