Check Out What Whales Are Doing With Li Auto

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 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 13 uncommon options trades for Li Auto.

This isn't normal.

The overall sentiment of these big-money traders is split between 61% bullish and 30%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $1,155,200, and 8 are calls, for a total amount of $447,965.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $24.5 and $28.0 for Li Auto, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $24.5 to $28.0 in the last 30 days.

Li Auto Option Activity Analysis: 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.

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

• Trading volume stands at 3,889,091, with LI's price down by -3.19%, positioned at $26.43.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 10 days.

What The Experts Say On Li Auto

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $32.5.

• In a cautious move, an analyst from Macquarie downgraded its rating to Outperform, setting a price target of $40.
• Reflecting concerns, an analyst from Barclays lowers its rating to Equal-Weight with a new price target of $25.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Li Auto with Benzinga Pro for real-time alerts.