Investors with a lot of money to spend have taken a bullish stance on PDD Holdings PDD.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PDD, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 20 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $2,332,250, and 15 are calls, for a total amount of $746,420.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $165.0 for PDD Holdings over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PDD Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PDD Holdings's whale trades within a strike price range from $75.0 to $165.0 in the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | PUT | TRADE | BULLISH | 06/21/24 | $140.00 | $2.1M | 1.1K | 1.0K |
| PDD | CALL | SWEEP | BULLISH | 03/15/24 | $120.00 | $138.9K | 1.6K | 135 |
| PDD | CALL | TRADE | BEARISH | 03/15/24 | $125.00 | $106.6K | 3.3K | 63 |
| PDD | CALL | TRADE | BULLISH | 01/17/25 | $150.00 | $99.3K | 941 | 60 |
| PDD | PUT | TRADE | BULLISH | 01/17/25 | $115.00 | $78.7K | 394 | 50 |
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.
After a thorough review of the options trading surrounding PDD Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of PDD Holdings
- With a volume of 4,448,322, the price of PDD is up 4.13% at $126.14.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 41 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PDD Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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