Investors with a lot of money to spend have taken a bullish stance on Li Auto LI.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 8 options trades for Li Auto.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,115, and 7, calls, for a total amount of $559,452.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $21.0 for Li Auto over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Li Auto's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Li Auto's significant trades, within a strike price range of $15.0 to $21.0, over the past month.
Li Auto 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LI | CALL | SWEEP | BULLISH | 01/16/26 | $6.2 | $5.0 | $6.2 | $20.00 | $358.2K | 978 | 0 |
| LI | CALL | SWEEP | BULLISH | 09/20/24 | $1.96 | $1.93 | $1.95 | $20.00 | $44.8K | 1.4K | 253 |
| LI | CALL | TRADE | BULLISH | 09/20/24 | $1.92 | $1.88 | $1.92 | $20.00 | $38.4K | 1.4K | 53 |
| LI | CALL | TRADE | BULLISH | 01/16/26 | $8.4 | $7.35 | $8.0 | $15.00 | $37.6K | 485 | 0 |
| LI | CALL | TRADE | NEUTRAL | 09/20/24 | $2.94 | $2.92 | $2.93 | $18.00 | $29.3K | 511 | 18 |
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.
Following our analysis of the options activities associated with Li Auto, we pivot to a closer look at the company's own performance.
Li Auto's Current Market Status
- With a volume of 2,776,819, the price of LI is down -1.69% at $19.76.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 18 days.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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