LI Auto Options Ahead of Earnings

TopgOptions Updated   
NASDAQ:LI   Li Auto Inc.
If you haven`t sold LI when they reduced the delivery outlook:
Or on this Earnings Release:

Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.60.
I think there is still some upside momentum left, followed by a big selloff by the end of the year.

Looking forward to read your opinion about it.

Trade closed: target reached:
LI traded at $39.89 after earnings, and the Puts went up from $0.60 (when I wrote this article) to $0.80 intraday, for about 35% gain!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.