Deep-pocketed investors have adopted a bearish approach towards EHang Holdings EH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for EHang Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 50% bearish. Among these notable options, 20 are puts, totaling $1,203,572, and 2 are calls, amounting to $65,580.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $22.5 for EHang Holdings over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for EHang Holdings options trades today is 1495.83 with a total volume of 41,597.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for EHang Holdings's big money trades within a strike price range of $10.0 to $22.5 over the last 30 days.
EHang Holdings Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EH | PUT | SWEEP | BULLISH | 06/21/24 | $1.6 | $1.4 | $1.4 | $17.00 | $126.0K | 7 | 2.0K |
| EH | PUT | SWEEP | BULLISH | 06/21/24 | $1.0 | $0.95 | $0.95 | $16.00 | $118.6K | 15 | 1.3K |
| EH | PUT | SWEEP | BULLISH | 06/21/24 | $1.25 | $1.0 | $1.0 | $17.00 | $99.9K | 7 | 7.6K |
| EH | PUT | TRADE | BULLISH | 06/21/24 | $1.75 | $1.4 | $1.45 | $17.00 | $88.5K | 7 | 1.0K |
| EH | PUT | SWEEP | BEARISH | 01/17/25 | $2.2 | $2.15 | $2.2 | $15.00 | $85.8K | 8.0K | 682 |
About EHang Holdings
EHang Holdings Ltd is an autonomous aerial vehicle (AAV) technology platform company. It focuses on making safe, autonomous and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility industry, it continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.
In light of the recent options history for EHang Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of EHang Holdings
- With a volume of 1,188,719, the price of EH is up 2.63% at $18.72.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 30 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 EHang Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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