Li Auto's Options: A Look at What the Big Money is Thinking
Investors with a lot of money to spend have taken a bullish stance on Li Auto (NASDAQ: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 16 uncommon options trades for Li Auto.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 31%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $562,450, and 10 are calls, for a total amount of $616,442.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $22.0 for Li Auto over the last 3 months.
Volume & Open Interest Trends
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 $15.0 to $22.0 in the last 30 days.
Li Auto Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LI | PUT | TRADE | BULLISH | 11/15/24 | $2.1 | $2.05 | $2.05 | $17.00 | $410.0K | 322 | 0 |
| LI | CALL | TRADE | BEARISH | 08/16/24 | $1.62 | $1.58 | $1.59 | $19.00 | $302.1K | 218 | 435 |
| LI | CALL | TRADE | BEARISH | 12/20/24 | $2.09 | $2.06 | $2.06 | $22.00 | $41.2K | 362 | 2 |
| LI | CALL | TRADE | NEUTRAL | 01/17/25 | $3.95 | $3.85 | $3.9 | $18.00 | $39.0K | 2.7K | 0 |
| LI | CALL | TRADE | NEUTRAL | 01/17/25 | $3.9 | $3.8 | $3.85 | $18.00 | $38.5K | 2.7K | 296 |
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
Present Market Standing of Li Auto Currently trading with a volume of 6,531,803, the LI's price is down by -1.91%, now at $18.44. RSI readings suggest the stock is currently may be approaching oversold. Anticipated earnings release is in 50 days. What Analysts Are Saying About Li Auto
In the last month, 3 experts released ratings on this stock with an average target price of $37.0.
An analyst from Morgan Stanley has decided to maintain their Overweight rating on Li Auto, which currently sits at a price target of $53. Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Li Auto, targeting a price of $36. Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Li Auto with a target price of $22.
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.
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