XPeng Unusual Options Activity For July 07

Someone with a lot of money to spend has taken a bullish stance on XPeng (NYSE:XPEV).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with XPEV, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for XPeng.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $30,457, and 13, calls, for a total amount of $695,766..

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 $9.0 to $15.0 for XPeng 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 XPeng'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 XPeng's whale trades within a strike price range from $9.0 to $15.0 in the last 30 days.

XPeng Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XPEV CALL TRADE BEARISH 07/21/23 $12.50 $190.6K 32.7K 2.2K
XPEV CALL TRADE BEARISH 07/21/23 $12.50 $67.8K 32.7K 850
XPEV CALL SWEEP BULLISH 07/14/23 $9.00 $50.0K 795 0
XPEV CALL SWEEP BULLISH 07/14/23 $13.00 $48.7K 1.5K 1.1K
XPEV CALL SWEEP BULLISH 07/14/23 $13.00 $48.0K 1.5K 431

Where Is XPeng Standing Right Now?

  • With a volume of 7,627,970, the price of XPEV is up 2.05% at $14.43.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 46 days.

What The Experts Say On XPeng:

  • CLSA upgraded its action to Outperform with a price target of $13
  • BOCOM International downgraded its action to Sell with a price target of $10
  • B of A Securities has decided to maintain their Neutral rating on XPeng, which currently sits at a price target of $11.

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 XPeng, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs

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