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 35 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 48% bullish and 40%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $191,700, and 29 are calls, for a total amount of $2,271,867.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $180.0 for PDD Holdings over the last 3 months.
Volume & Open Interest Trends
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 $120.0 to $180.0 in the last 30 days.
PDD Holdings Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | CALL | TRADE | BEARISH | 01/17/25 | $20.15 | $19.25 | $19.3 | $150.00 | $386.0K | 31.7K | 4 |
| PDD | CALL | TRADE | BULLISH | 07/19/24 | $2.4 | $2.2 | $2.35 | $160.00 | $223.9K | 3.3K | 75 |
| PDD | CALL | SWEEP | BEARISH | 01/17/25 | $20.25 | $19.55 | $19.82 | $150.00 | $197.8K | 31.7K | 205 |
| PDD | CALL | SWEEP | BULLISH | 07/19/24 | $14.9 | $14.3 | $14.9 | $135.00 | $138.5K | 1.1K | 309 |
| PDD | CALL | SWEEP | BULLISH | 07/19/24 | $14.7 | $14.65 | $14.7 | $135.00 | $127.8K | 1.1K | 102 |
About PDD Holdings
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD 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 has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
Following our analysis of the options activities associated with PDD Holdings, we pivot to a closer look at the company's own performance.
Where Is PDD Holdings Standing Right Now?
- With a volume of 3,177,841, the price of PDD is down -1.67% at $148.55.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 74 days.
Professional Analyst Ratings for PDD Holdings
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $221.6.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for PDD Holdings, targeting a price of $198.
- An analyst from Goldman Sachs has elevated its stance to Buy, setting a new price target at $184.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on PDD Holdings with a target price of $272.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on PDD Holdings with a target price of $224.
- An analyst from Benchmark persists with their Buy rating on PDD Holdings, maintaining a target price of $230.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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