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 14 uncommon options trades for Li Auto.
This isn’t normal.
The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $313,012, and 5 are calls, for a total amount of $277,499.
Perceived Price Trajectory
Based on the trading activity, it appears that the notable investors are targeting a price range spanning from $18.0 to $50.0 for Li Auto over the recent three months.
Insights into Volume & Open Interest
Evaluating the volume and open interest is a strategic step in options trading. These metrics illuminate the liquidity and investor interest in Li Auto’s options at designated strike prices. The following data illustrates the fluctuation in volume and open interest for both calls and puts, related to Li Auto’s significant trades, within a strike price range from $18.0 to $50.0 over the past 30 days.
Li Auto Option Volume And Open Interest Over The Previous 30 Days
Standout Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LI | CALL | SWEEP | BULLISH | 04/19/24 | $40.00 | $90.3K | 4.9K | 406 |
| LI | CALL | SWEEP | BULLISH | 06/21/24 | $50.00 | $83.5K | 5.1K | 755 |
| LI | PUT | SWEEP | BULLISH | 09/20/24 | $38.00 | $48.5K | 161 | 83 |
| LI | CALL | SWEEP | BULLISH | 06/21/24 | $31.00 | $47.5K | 323 | 56 |
| LI | PUT | SWEEP | BEARISH | 04/19/24 | $37.00 | $42.5K | 576 | 490 |
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.
After a thorough review of the options trading surrounding Li Auto, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Market Standing of Li Auto
- With a trading volume of 5,922,031, the price of LI is down by -4.17%, reaching $36.81.
- Current RSI values indicate that the stock may be approaching overbought.
- Next earnings report is scheduled for 55 days from now.
Expert Opinions on Li Auto
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $63.33.
- An analyst from Barclays has decided to maintain their Overweight rating on Li Auto, which currently sits at a price target of $56.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Li Auto, which currently sits at a price target of $74.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Li Auto with a target price of $60.
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.