Bearish flow noted in Li Auto with 2,991 puts trading, or 1.7x expected. Most active are Sep-26 13 puts and 8/28 weekly 11.5 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 1 point on the day. Earnings are expected on August 26th.








