Looking At Li Auto's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Li Auto (NASDAQ:LI), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $25.0 to $65.0 for Li Auto over the last 3 months. The price of LI is currently down -2.56% at $39.61. RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 81 days.
September 18, 2023 | 3:46 pm
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NEUTRAL IMPACT
A whale investor has taken a bullish stance on Li Auto, with equal proportions of investors opening trades with bullish and bearish expectations. The stock price is currently down -2.56% at $39.61.
The news indicates a bullish stance from a whale investor on Li Auto, which could potentially drive the stock price up. However, the current price is down and the RSI indicators suggest that the stock may be approaching overbought, which could lead to a price correction. Therefore, the short-term impact is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100