LI Auto Options Ahead of Earnings

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!