What the Options Market Tells Us About PDD Holdings

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Financial giants have made a conspicuous bullish move on PDD Holdings. Our analysis of options history for PDD Holdings PDD revealed 16 unusual trades.

Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $462,914, and 8 were calls, valued at $380,183.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $160.0 for PDD Holdings during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 2449.92 with a total volume of 1,921.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for PDD Holdings's big money trades within a strike price range of $115.0 to $160.0 over the last 30 days.

PDD Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD PUT SWEEP BEARISH 03/01/24 $140.00 $136.5K 111 350
PDD CALL TRADE BULLISH 08/16/24 $150.00 $108.6K 0 0
PDD CALL SWEEP BEARISH 05/17/24 $160.00 $88.6K 170 253
PDD PUT SWEEP BULLISH 02/16/24 $130.00 $70.0K 6.9K 104
PDD PUT TRADE BEARISH 03/15/24 $130.00 $57.0K 4.1K 71

About PDD Holdings

PDD Holdings PDD is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.

Where Is PDD Holdings Standing Right Now?

  • Trading volume stands at 2,743,811, with PDD's price down by -0.68%, positioned at $124.43.
  • RSI indicators show the stock to be may be oversold.
  • Earnings announcement expected in 47 days.

Expert Opinions on PDD Holdings

In the last month, 1 experts released ratings on this stock with an average target price of $215.0.

  • Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for PDD Holdings, targeting a price of $215.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PDD Holdings options trades with real-time alerts from Benzinga Pro.

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PDDPDD Holdings Inc
$98.80-1.21%

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