Li Auto Option Alert: Jul 21 $33 Calls Sweep (28) near the Ask: 500 @ $0.79 vs 955 OI; Ref=$28.265
Portfolio Pulse from Charles Gross
Li Auto option alert for July 21 $33 calls sweep near the ask with 500 contracts at $0.79, compared to 955 open interest; stock reference price at $28.265.
May 26, 2023 | 4:31 pm
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NEUTRAL IMPACT
Li Auto sees increased options activity with 500 contracts for July 21 $33 calls sweep near the ask at $0.79, compared to 955 open interest.
The increased options activity for Li Auto indicates that investors are showing interest in the stock, but it is not clear whether this will have a positive or negative impact on the stock price in the short term. The reference price of $28.265 is below the strike price of $33, which suggests that the options are currently out-of-the-money. However, the options market can be volatile, and the impact on the stock price may not be immediate or significant.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100