Financial giants have made a conspicuous bullish move on PDD Holdings. Our analysis of options history for PDD Holdings PDD revealed 20 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $1,085,614, and 11 were calls, valued at $581,595.
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 $60.0 to $130.0 for PDD Holdings over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PDD Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PDD Holdings's substantial trades, within a strike price spectrum from $60.0 to $130.0 over the preceding 30 days.
PDD Holdings Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | PUT | SWEEP | BULLISH | 12/01/23 | $102.00 | $350.4K | 27 | 1 |
| PDD | PUT | SWEEP | BEARISH | 12/15/23 | $115.00 | $227.7K | 447 | 325 |
| PDD | PUT | TRADE | BULLISH | 12/15/23 | $120.00 | $157.5K | 502 | 169 |
| PDD | PUT | SWEEP | BULLISH | 06/21/24 | $130.00 | $113.4K | 32 | 0 |
| PDD | CALL | TRADE | BULLISH | 06/21/24 | $110.00 | $96.6K | 1.6K | 155 |
About PDD Holdings
PDD Holdings PDD is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings 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 Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.
Current Position of PDD Holdings
- With a volume of 2,701,719, the price of PDD is up 1.75% at $110.95.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 14 days.
What The Experts Say On PDD Holdings
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $146.0.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for PDD Holdings, targeting a price of $155.
- In a cautious move, an analyst from UBS downgraded its rating to Buy, setting a price target of $137.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PDD Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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