Aeva Technologies (AEVA) Surges 24.88% on Landmark LiDAR Contract – Is This the Catalyst for a New Bull Run?

Summary
• Aeva Technologies (AEVA) surges 24.88% intraday, trading at $13.60 after securing a multi-year LiDAR supply deal with a top European automaker.
• The contract spans into the mid-2030s, with production slated for 2028, positioning AEVA as a key player in Level 3 autonomous driving.
• Intraday high of $13.65 and low of $11.60 highlight the stock’s volatile but bullish trajectory.
• The deal marks Aeva’s first major passenger vehicle OEM partnership, expanding its footprint beyond commercial trucks.
• With implied volatility in options hitting 117.87% and turnover surging, the market is pricing in transformative potential for the company.

Exclusive LiDAR Deal Ignites Investor Optimism
Aeva’s 24.88% intraday surge is directly tied to its announcement as the exclusive Tier-1 supplier of 4D LiDAR for a top European automaker’s global vehicle platform. The multi-year program, extending into the mid-2030s, positions Aeva to supply sensors for Level 3 autonomous driving across internal combustion, hybrid, and electric models. This partnership, the first of its kind in the passenger vehicle sector, validates Aeva’s 4D LiDAR technology as a critical enabler for advanced automation. CEO Soroush Salehian emphasized the OEM’s view of LiDAR as essential for safe Level 3 systems, signaling a pivotal shift in the industry’s adoption of autonomous driving. The deal also reinforces Aeva’s credibility as a high-volume manufacturer, aligning with its existing program with Daimler Truck.

Electronic Equipment Sector Gains Momentum Amid Tech Innovation
The Electronic Equipment, Instruments, and Components sector has seen mixed performance, with Honeywell (HON) up 0.23% intraday. While AEVA’s surge is driven by a specific LiDAR contract, broader sector momentum is fueled by advancements in semiconductor materials and AI-driven manufacturing. Companies like ROHM and Renesas are also gaining traction with next-gen components, but AEVA’s 24.88% move stands out as a sector outlier, reflecting the market’s appetite for disruptive tech in autonomous systems.

Options Playbook: Leveraging AEVA’s Volatility with Strategic Calls
• 200-day average: 14.4851 (below current price); RSI: 46.53 (neutral); MACD: -1.21 (bullish crossover pending).
• Bollinger Bands: Price at 13.60 is near the upper band (14.0968), suggesting overbought conditions.
• Key levels: Immediate support at 11.13 (middle Bollinger band) and resistance at 14.0968. A break above 14.0968 could trigger a retest of the 52W high of 38.8.
• Top Options:
• AEVA20260116C12.5 (Call, $12.5 strike, Jan 16 2026):
- IV: 109.96% (high volatility)
- Leverage ratio: 5.15%
- Delta: 0.6668 (moderate sensitivity)
- Theta: -0.0271 (moderate time decay)
- Gamma: 0.0690 (high sensitivity to price swings)
- Turnover: $173,834 (liquid)
- Payoff (5% up): $1.35 per contract (max(0, 14.28 - 12.5)).
• AEVA20260417C15 (Call, $15 strike, Apr 17 2026):
- IV: 113.36% (high volatility)
- Leverage ratio: 4.13%
- Delta: 0.5910 (moderate sensitivity)
- Theta: -0.0149 (lower time decay)
- Gamma: 0.0412 (moderate sensitivity)
- Turnover: $111,509 (liquid)
- Payoff (5% up): $0.28 per contract (max(0, 14.28 - 15)).
• Aggressive bulls should prioritize AEVA20260116C12.5 for its high gamma and liquidity, while AEVA20260417C15 offers a longer-dated play on sustained momentum. Both contracts benefit from elevated IV and moderate delta, ideal for a continuation of AEVA’s bullish trend.

Backtest Aeva Technologies Stock Performance
Unfortunately, the event-level back-test engine hit an internal error (missing function “convert_statistics”) when we tried to evaluate AEVA’s performance after 25 % intraday surges. To keep the analysis moving forward you have three options:1. Retry with the same engine once the bug is resolved (we can queue it again later). 2. Switch to a simplified approach: • Buy at the next day’s open after each ≥ 25 % intraday surge, • Hold for a fixed window (e.g., 1, 5, 10 or 20 trading days), • Measure the average/median return and hit ratio. This can be run with the strategy back-test engine, which is stable. 3. Specify a different event definition or holding rule if you have something else in mind.Let me know which route you prefer (or provide a custom holding window), and I’ll proceed immediately.

Bullish Momentum Unlikely to Subside – Position for the Long Game
Aeva’s 24.88% surge is a watershed moment, driven by a transformative LiDAR contract that cements its role in the autonomous driving revolution. Technical indicators suggest a short-term bullish bias, with the 200-day average acting as a psychological floor. While the 52W high of 38.8 remains distant, the stock’s volatility and options activity signal a high-conviction trade. Investors should monitor the 14.0968 upper Bollinger band as a critical resistance level. Meanwhile, sector leader Honeywell (HON) is up 0.23%, underscoring broader tech-sector strength. For those with a long-term horizon, AEVA20260116C12.5 offers a leveraged bet on the company’s next phase of growth. Act now: Buy AEVA20260116C12.5 and hold for a 14.0968 breakout.