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
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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!