Smart Money Is Betting Big In PDD Options

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 10 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 20%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $125,000, and 8 are calls, for a total amount of $758,565.

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 $80.0 to $200.0 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 $80.0 to $200.0 in the last 30 days.

PDD Holdings Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

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 trading volume of 346,853, the price of PDD is up by 1.39%, reaching $128.4.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 58 days from now.

What Analysts Are Saying About PDD Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $140.2.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Reflecting concerns, an analyst from Nomura lowers its rating to Neutral with a new price target of $130. * Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on PDD Holdings with a target price of $156. * In a cautious move, an analyst from US Tiger Securities, Inc downgraded its rating to Hold, setting a price target of $130. * An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $160. * An analyst from JP Morgan persists with their Neutral rating on PDD Holdings, maintaining a target price of $125.

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.