Call Options on LI on 10/18/2021

Li Auto Inc. (LI), through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. 

It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions.

The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Shares have formed a bullish "cup and handle" and prices have moved above their 50-day moving average. This is a powerful formation. Shares should see $35 shortly.

We will trade November 12th call options

Entry Point: $30.64

Trading Range: $15.98 to $47.70     

Trade Buy 1 November $30.00 Call at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $31.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $30.00 Closing Summary Sold 1 November $30.00 Call at $4.50

Position closed on 10/25/2021 at price of $4.50 with a 200.00% gain in 7 days.

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