Some really rich people think Li Auto, a car company in China, will do well soon. They bought options which are like bets on the future price of the cars. Some of them bought options that let them sell the cars cheaper than normal, and some of them bought options that let them buy the cars for less money. The rich people are not sure if the car company will go up or down in price, but they think it will change a lot soon. Read from source...
- The article title is misleading and clickbaity, as it implies that only "whales" (wealthy investors) are doing something with Li Auto, while the rest of the content acknowledges that they don't know if these trades are from institutions or individuals. A more accurate title could be "Some Big-Money Traders Show Interest in Li Auto Options".
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