Whales with a lot of money to spend have taken a noticeably bearish stance on Li Auto.
Looking at options history for Li Auto LI we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $105,100 and 9, calls, for a total amount of $458,600.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $37.0 for Li Auto over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Li Auto stands at 1671.8, with a total volume reaching 1,450.00. 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 $30.0 to $37.0, throughout the last 30 days.
Li Auto Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LI | CALL | SWEEP | BULLISH | 01/17/25 | $35.00 | $83.8K | 6.2K | 101 |
| LI | CALL | SWEEP | BULLISH | 01/17/25 | $35.00 | $82.6K | 6.2K | 201 |
| LI | PUT | SWEEP | BEARISH | 05/17/24 | $35.00 | $64.8K | 431 | 100 |
| LI | CALL | SWEEP | BULLISH | 02/16/24 | $30.00 | $50.2K | 743 | 15 |
| LI | CALL | TRADE | BULLISH | 02/16/24 | $30.00 | $49.6K | 743 | 153 |
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 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand 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
Present Market Standing of Li Auto
- Currently trading with a volume of 2,267,312, the LI's price is up by 0.52%, now at $34.77.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 54 days.
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.
© 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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