Check Out What Whales Are Doing With PDD

Someone with a lot of money to spend has taken a bullish stance on PDD Holdings PDD.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PDD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 23 options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 56% bullish and 43%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $85,625, and 22, calls, for a total amount of $1,513,635..

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 $80.0 to $140.0 for PDD Holdings over the last 3 months.

Volume & Open Interest Development

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 $80.0 to $140.0 in the last 30 days.

PDD Holdings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD CALL TRADE BEARISH 01/17/25 $135.00 $285.6K 130 346
PDD CALL SWEEP BULLISH 01/17/25 $130.00 $130.2K 35 104
PDD CALL TRADE BEARISH 01/17/25 $140.00 $120.3K 442 119
PDD CALL TRADE BEARISH 01/17/25 $135.00 $119.8K 130 107
PDD CALL SWEEP BULLISH 01/19/24 $135.00 $88.0K 4.4K 683

Where Is PDD Holdings Standing Right Now?

  • With a volume of 1,933,416, the price of PDD is up 1.69% at $90.86.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 28 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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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