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 30 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $479,198 and 17, calls, for a total amount of $1,111,559.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $155.0 for PDD Holdings, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of PDD Holdings stands at 3360.67, with a total volume reaching 6,691.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PDD Holdings, situated within the strike price corridor from $90.0 to $155.0, throughout 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | TRADE | BEARISH | 12/15/23 | $125.00 | $157.9K | 3.5K | 136 |
| PDD | CALL | SWEEP | BULLISH | 01/17/25 | $140.00 | $149.2K | 1.0K | 76 |
| PDD | CALL | TRADE | BEARISH | 03/15/24 | $120.00 | $118.4K | 1.1K | 94 |
| PDD | CALL | TRADE | BULLISH | 03/15/24 | $120.00 | $107.9K | 1.1K | 159 |
| PDD | CALL | SWEEP | BEARISH | 12/01/23 | $120.00 | $107.5K | 486 | 528 |
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.
Following our analysis of the options activities associated with PDD Holdings, we pivot to a closer look at the company's own performance.
PDD Holdings's Current Market Status
- With a volume of 3,456,126, the price of PDD is up 0.74% at $116.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 11 days.
What The Experts Say On PDD Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $146.0.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $155.
- An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $137.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
