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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with LI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Li Auto.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $405,018, and there was 1 call, for a total amount of $53,000.
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 $21.0 and $33.0 for Li Auto, spanning the last three months.
Volume & Open Interest Development
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 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 trades within a strike price range from $21.0 to $33.0 in the last 30 days.
Li Auto 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LI | PUT | SWEEP | BEARISH | 01/16/26 | $14.65 | $14.4 | $14.4 | $33.00 | $82.0K | 381 | 157 |
| LI | PUT | SWEEP | BEARISH | 01/16/26 | $16.5 | $14.4 | $14.4 | $33.00 | $57.6K | 381 | 69 |
| LI | PUT | SWEEP | BULLISH | 06/07/24 | $0.77 | $0.73 | $0.75 | $21.00 | $53.3K | 167 | 1.9K |
| LI | CALL | SWEEP | BULLISH | 07/19/24 | $1.06 | $1.03 | $1.06 | $22.00 | $53.0K | 362 | 523 |
| LI | PUT | SWEEP | BEARISH | 01/16/26 | $14.4 | $14.35 | $14.4 | $33.00 | $44.6K | 381 | 85 |
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 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands 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
Current Position of Li Auto
- With a volume of 3,052,318, the price of LI is up 4.2% at $21.1.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 64 days.
Professional Analyst Ratings for Li Auto
In the last month, 3 experts released ratings on this stock with an average target price of $37.0.
- An analyst from B of A Securities persists with their Buy rating on Li Auto, maintaining a target price of $36.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Li Auto, which currently sits at a price target of $53.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Li Auto, targeting a price of $22.
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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