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 34 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $687,952, and 26 are calls, for a total amount of $2,992,574.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $160.0 for PDD Holdings during the past quarter.
Volume & Open Interest Trends
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 $55.0 to $160.0 in the last 30 days.
PDD Holdings Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BULLISH | 12/01/23 | $120.00 | $500.3K | 990 | 970 |
| PDD | CALL | TRADE | BULLISH | 12/15/23 | $90.00 | $288.5K | 1.2K | 100 |
| PDD | CALL | SWEEP | BULLISH | 12/15/23 | $90.00 | $288.2K | 1.2K | 0 |
| PDD | CALL | TRADE | BULLISH | 12/15/23 | $90.00 | $288.0K | 1.2K | 100 |
| PDD | CALL | TRADE | BULLISH | 12/15/23 | $90.00 | $283.0K | 1.2K | 402 |
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.
In light of the recent options history for PDD Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is PDD Holdings Standing Right Now?
- Trading volume stands at 2,749,012, with PDD's price down by -1.82%, positioned at $116.62.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 7 days.
What Analysts Are Saying About PDD Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price 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.
- Reflecting concerns, an analyst from UBS lowers its rating to Buy with a new price target of $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.
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