Li Auto Unusual Options Activity

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 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 15 options trades for Li Auto.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 60%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $202,640, and 14, calls, for a total amount of $1,136,651.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $30.0 for Li Auto over the last 3 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 $20.0 to $30.0 in the last 30 days.

Li Auto 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding Li Auto, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Li Auto

• With a trading volume of 4,057,859, the price of LI is down by -4.86%, reaching $27.61.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 4 days from now.

What The Experts Say On Li Auto

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $40.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $40.

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.