Whales with a lot of money to spend have taken a noticeably bullish stance on PDD Holdings.
Looking at options history for PDD Holdings PDD we detected 39 trades.
If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $243,675 and 34, calls, for a total amount of $24,374,273.
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 $55.0 to $230.0 for PDD Holdings during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $55.0 to $230.0 in the last 30 days.
PDD Holdings Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
PDD | CALL | TRADE | BULLISH | 01/16/26 | $57.4 | $55.7 | $57.05 | $100.00 | $2.8M | 17.5K | 11.3K |
PDD | CALL | TRADE | BULLISH | 01/16/26 | $57.05 | $55.65 | $57.05 | $100.00 | $2.8M | 17.5K | 10.3K |
PDD | CALL | SWEEP | BEARISH | 01/16/26 | $59.0 | $58.0 | $58.0 | $100.00 | $2.3M | 17.5K | 800 |
PDD | CALL | SWEEP | BEARISH | 01/16/26 | $59.0 | $58.0 | $58.0 | $100.00 | $2.3M | 17.5K | 400 |
PDD | CALL | SWEEP | BULLISH | 01/16/26 | $59.0 | $56.05 | $58.0 | $100.00 | $2.3M | 17.5K | 0 |
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.
Current Position of PDD Holdings
- Trading volume stands at 10,710,457, with PDD's price down by -7.22%, positioned at $142.03.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 49 days.
What Analysts Are Saying About PDD Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $224.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Macquarie has elevated its stance to Outperform, setting a new price target at $224.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PDD Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.