Unusual Options Activity In Uxin Limited

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions. The company facilitates used car transaction services and financing solutions offered by third-party financing partners to buyers for their used car purchases.


Uxin has been in a steady decline ever since December as news coming out of China pointed to their economy decelerating.  The decline continued in to the New Year when China’s PMI for December was 49.7 (the PMI for November was 50.2). 

Nevertheless, I noticed some bullish unusual option activity today for the options that expire mid-March.  There is a lot of activity in the in the options with the $5 strike price.  The stock would have to move about 20%, which could mean an 3X-4X for the options. 

Back in December there was news that Uxin would partner with Alibaba’s Taobao marketplace to open an online mall on the popular site.  But I think the bullish activity is in anticipation of positive results when they announce their quarterly earnings, which is due in a couple of weeks.

After basing for most of 2019, price is in the process of breaking out.

And if you look close on the daily chart, you can see where the Smart Money step in.

If the Smart Money is going to be right, well they have less than 30 days to be right. Nevertheless, they have a strong conviction that price will get to $5 by mid-March.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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