Unpacking the Latest Options Trading Trends in Li Auto
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Li Auto (NASDAQ:LI) show a bullish stance by investors, with 52% of trades being bullish and 36% bearish. The trading activity focuses on a price band between $25.0 and $32.0. Significant trades include both puts and calls, with a notable volume and open interest in options within this price range. Li Auto, a leading Chinese NEV manufacturer, has seen its stock price increase by 7.05% to $26.8. Analysts have given mixed reviews, with an average target price of $32.5, though Macquarie and Barclays have adjusted their ratings and price targets.
April 29, 2024 | 6:46 pm
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Li Auto's recent options trading trends indicate a bullish investor sentiment, with a focus on a $25-$32 price band. The stock has risen 7.05% to $26.8, amidst mixed analyst ratings with an average target price of $32.5.
The bullish sentiment in options trading, combined with the recent stock price increase and mixed analyst ratings, suggests a positive short-term outlook for Li Auto. The focus on a specific price band indicates investor expectations for continued stock performance within this range, potentially influenced by the company's market position and recent sales achievements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100