A whale with a lot of money to spend has taken a noticeably bullish stance on PDD Holdings.
Looking at options history for PDD Holdings PDD we detected 20 strange trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $306,668 and 11, calls, for a total amount of $1,721,659.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $110.0 for PDD Holdings over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 2999.92 with a total volume of 11,772.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PDD Holdings's big money trades within a strike price range of $55.0 to $110.0 over the last 30 days.
PDD Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 01/19/24 | $100.00 | $1.0M | 3.7K | 1.4K |
| PDD | CALL | SWEEP | BEARISH | 01/19/24 | $100.00 | $248.1K | 3.7K | 1.8K |
| PDD | CALL | TRADE | BEARISH | 09/15/23 | $80.00 | $93.5K | 303 | 101 |
| PDD | CALL | TRADE | BEARISH | 09/15/23 | $85.00 | $75.7K | 577 | 103 |
| PDD | CALL | SWEEP | BULLISH | 01/19/24 | $110.00 | $52.6K | 5.8K | 10 |
Where Is PDD Holdings Standing Right Now?
- With a volume of 3,621,503, the price of PDD is down -2.12% at $73.25.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 52 days.
What The Experts Say On PDD Holdings:
- Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $106.
- UBS has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $100.
- Barclays has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $100.
- Citigroup has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $115.
- HSBC has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $115.
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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