High-rolling investors have positioned themselves bearish on PDD Holdings PDD, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PDD often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 22 options trades for PDD Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 31% bullish and 68% bearish. Among all the options we identified, there was one put, amounting to $54,000, and 21 calls, totaling $1,518,084.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $140.0 for PDD Holdings during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PDD Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PDD Holdings's substantial trades, within a strike price spectrum from $60.0 to $140.0 over the preceding 30 days.
PDD Holdings Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 02/23/24 | $129.00 | $232.6K | 648 | 370 |
| PDD | CALL | SWEEP | BEARISH | 03/08/24 | $117.00 | $169.1K | 1.8K | 200 |
| PDD | CALL | SWEEP | BEARISH | 03/08/24 | $117.00 | $131.0K | 1.8K | 250 |
| PDD | CALL | SWEEP | BEARISH | 06/21/24 | $135.00 | $110.0K | 3.3K | 71 |
| PDD | CALL | TRADE | NEUTRAL | 06/21/24 | $140.00 | $96.6K | 1.1K | 75 |
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.
In light of the recent options history for PDD Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of PDD Holdings
- With a volume of 1,729,180, the price of PDD is up 0.89% at $133.18.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 32 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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