Check Out What Whales Are Doing With Li Auto

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 36 uncommon options trades for Li Auto.

This isn't normal.

The overall sentiment of these big-money traders is split between 13% bullish and 86%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $179,667, and 33 are calls, for a total amount of $2,233,250.

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Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $55.0 for Li Auto during the past quarter.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Li Auto stands at 3342.36, with a total volume reaching 21,791.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Li Auto, situated within the strike price corridor from $20.0 to $55.0, throughout the last 30 days.

Li Auto Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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 trading volume of 4,707,597, the price of LI is up by 0.63%, reaching $36.57.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 58 days from now.

Professional Analyst Ratings for Li Auto

3 market experts have recently issued ratings for this stock, with a consensus target price of $63.333333333333336.

• Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Li Auto, targeting a price of $60.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Li Auto with a target price of $56.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Li Auto, targeting a price of $74.

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.