What the Options Market Tells Us About Li Auto
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Li Auto (NASDAQ:LI), as observed through options trading data. Benzinga's options scanner identified 10 trades, with 80% being bearish. The major market movers are focusing on a price band between $21.0 and $33.0 for Li Auto. Despite the bearish sentiment in options, the stock price is up 4.2% at $21.1, and analysts have mixed ratings with an average target price of $37.0.
June 03, 2024 | 4:16 pm
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Investors with significant capital have taken a predominantly bearish stance on Li Auto (NASDAQ:LI), as observed through options trading data. Benzinga's options scanner identified 10 trades, with 80% being bearish. The major market movers are focusing on a price band between $21.0 and $33.0 for Li Auto. Despite the bearish sentiment in options, the stock price is up 4.2% at $21.1, and analysts have mixed ratings with an average target price of $37.0.
The significant bearish sentiment from large investors, as indicated by the high volume of put options, suggests a negative outlook for Li Auto in the short term. However, the stock price has recently increased, and analysts have mixed ratings, which could create volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100