Whales with a lot of money to spend have taken a noticeably bearish stance on PDD Holdings.
Looking at options history for PDD Holdings PDD we detected 25 trades.
If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $99,657 and 23, calls, for a total amount of $6,245,271.
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 $105.0 to $150.0 for PDD Holdings over the last 3 months.
Volume & Open Interest Development
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 $105.0 to $150.0 over the preceding 30 days.
PDD Holdings Option Activity Analysis: 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 | 01/17/25 | $105.00 | $2.3M | 4.6K | 500 |
| PDD | CALL | TRADE | BULLISH | 01/19/24 | $140.00 | $2.0M | 7.9K | 2.4K |
| PDD | CALL | SWEEP | BEARISH | 01/19/24 | $135.00 | $360.9K | 8.1K | 728 |
| PDD | CALL | SWEEP | BEARISH | 01/19/24 | $140.00 | $202.7K | 7.9K | 862 |
| PDD | CALL | SWEEP | BEARISH | 01/19/24 | $140.00 | $185.7K | 7.9K | 432 |
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.
After a thorough review of the options trading surrounding PDD Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of PDD Holdings
- With a volume of 440,235, the price of PDD is down -1.21% at $138.59.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 101 days.
What The Experts Say On PDD Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $190.0.
- An analyst from Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $190.
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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