Benzinga | Nov 24, 2021 12:21PM EST

Check Out What Whales Are Doing With XPEV

Someone with a lot of money to spend has taken a bearish stance on XPeng (NYSE:XPEV).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with XPEV, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 35 options trades for XPeng.

This isn't normal.

The overall sentiment of these big-money traders is split between 48.57% bullish and 51.43%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $32,000.00, and 34, calls, for a total amount of $2,225,955.00..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $75.0 for XPeng over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for XPeng's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of XPeng's whale activity within a strike price range from $35.0 to $75.0 in the last 30 days.

XPeng Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestXPEV CALL SWEEP BULLISH 12/17/ $53.00 $227.5K 247 879 21XPEV CALL SWEEP NEUTRAL 01/21/ $60.00 $160.9K 7.5K 4.0K 22XPEV CALL TRADE BEARISH 01/21/ $60.00 $159.6K 7.5K 1.2K 22XPEV CALL SWEEP BULLISH 12/03/ $54.00 $145.5K 664 1.1K 21XPEV CALL TRADE BULLISH 12/10/ $50.00 $116.1K 969 75 21

Where Is XPeng Standing Right Now?

* With a volume of 16,751,761.00, the price of XPEV is up 6.78% at $54.78.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 103 days.

What The Experts Say On XPeng:

* B of A Securities has decided to maintain their Buy rating on XPeng, which currently sits at a price target of $66.0.

* Bernstein downgraded its action to Outperform with a price target of $56.0

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.