This Is What Whales Are Betting On Li Auto
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bearish sentiment among options traders for Li Auto (NASDAQ:LI), with 80% of the unusual trades being puts. The trades suggest that big players anticipate Li Auto's stock to stay within $35.0 to $40.0. Li Auto, a Chinese NEV manufacturer, has seen its stock price increase by 3.03% to $38.08, with a high trading volume and potential overbought RSI readings. The company's next earnings release is expected in 105 days.
November 13, 2023 | 7:15 pm
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Li Auto has seen a bearish trend in options trading, with a significant number of puts. The stock price has recently increased, but the RSI suggests it may be approaching overbought territory. The next earnings report is due in 105 days, which could influence the stock's performance.
The bearish options trades indicate that investors are expecting a potential decline in Li Auto's stock price. The high volume of puts compared to calls supports this sentiment. The current RSI readings and the anticipation of the earnings report could contribute to short-term price volatility. Given the recent price increase, the stock may correct if it is indeed overbought, aligning with the bearish sentiment observed in the options market.
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