Schaeffers Investment Research·2026-01-02 16:54Group 1: Company Performance - Li Auto Inc delivered 44,246 cars in December, exceeding estimates by approximately 4,000 units, but this represents a 24% year-over-year decrease [1] - Nio Inc reported 48,135 sales in December, slightly surpassing estimates and marking a significant 55% year-over-year increase [1] Group 2: Stock Performance - Li Auto's stock was up 1.6% at $17.20, still near its three-year low of $16.11, and has lost 29.4% in 2025, marking its second consecutive year in the red [2] - Nio's stock was last seen up 1.7% at $5.18, having recently found support at the $5 region after a pullback from its 52-week high of $8.01 [4] Group 3: Options Activity - Li Auto has seen 12,000 calls exchanged, double the typical volume, with significant activity at the January 2026 16.50-strike call, and its Schaeffer's Volatility Index (SVI) is at 46%, higher than 14% of annual readings [3] - Nio's call options have been more popular than usual, with a 10-day call/put volume ratio of 10.75, ranking higher than 98% of readings from the past year [4]