Investors with a lot of money to spend have taken a bearish 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 40 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the special options we uncovered, 21 are puts, for a total amount of $912,011, and 19 are calls, for a total amount of $1,369,830.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $175.0 for PDD Holdings during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 1749.53 with a total volume of 2,736.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PDD Holdings's big money trades within a strike price range of $80.0 to $175.0 over the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BULLISH | 05/17/24 | $145.00 | $216.2K | 255 | 0 |
| PDD | CALL | SWEEP | BEARISH | 02/16/24 | $140.00 | $190.0K | 1.9K | 2 |
| PDD | PUT | TRADE | BEARISH | 04/19/24 | $175.00 | $160.0K | 225 | 100 |
| PDD | CALL | TRADE | NEUTRAL | 03/15/24 | $120.00 | $147.6K | 1.4K | 51 |
| PDD | PUT | SWEEP | BEARISH | 01/26/24 | $167.50 | $106.0K | 13 | 50 |
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.
Current Position of PDD Holdings
- With a trading volume of 3,602,972, the price of PDD is up by 0.68%, reaching $147.43.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 88 days from now.
What Analysts Are Saying About PDD Holdings
1 market experts have recently issued ratings for this stock, with a consensus 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.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PDD Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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