Lithium Argentina head John Kanellitsas said recently that the decision to split the company came down to U.S.-China relations, as Lithium Americas (LAC) needed to cut ties with Chinese producer Ganfeng Lithium to build the Thacker Pass mine.

"What makes it problematic, optics wise - and optics matter - is when the beneficial owners of those Department of Energy funds are Chinese shareholders,” Kanellitsas reportedly said.

On May 15, 2023 at 13:34:35 ET an unusually large $260.00K block of Call contracts in Lithium Americas (LAC) was bought, with a strike price of $25.00 / share, expiring in 249 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 3.00 sigmas above the mean, placing it in the 99.85th percentile of all recent large trades made in LAC options.

This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 301 funds or institutions reporting positions in Lithium Americas. This is an increase of 15 owner(s) or 5.24% in the last quarter. Average portfolio weight of all funds dedicated to LAC is 0.55%, an increase of 118.15%. Total shares owned by institutions increased in the last three months by 62.98% to 52,274K shares.

The put/call ratio of LAC is 0.63, indicating a bullish outlook.

Analyst Price Forecast Suggests 72.30% Upside

Personal note: …. I noticed a few people are missing  long time, like Ron for example. Hope everyone is OK.