Deep-pocketed investors have adopted a bearish approach towards PDD Holdings PDD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PDD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 45 extraordinary options activities for PDD Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 48% leaning bullish and 51% bearish. Among these notable options, 19 are puts, totaling $1,370,415, and 26 are calls, amounting to $2,143,024.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $185.0 for PDD Holdings over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $35.0 to $185.0 in the last 30 days.
PDD Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | TRADE | BULLISH | 05/17/24 | $150.00 | $660.0K | 217 | 402 |
| PDD | CALL | SWEEP | BULLISH | 01/19/24 | $145.00 | $260.4K | 4.4K | 490 |
| PDD | PUT | SWEEP | BULLISH | 02/16/24 | $170.00 | $203.2K | 1.1K | 200 |
| PDD | CALL | TRADE | BEARISH | 05/17/24 | $100.00 | $156.0K | 10 | 0 |
| PDD | PUT | SWEEP | BEARISH | 06/21/24 | $115.00 | $128.7K | 2.6K | 0 |
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.
Present Market Standing of PDD Holdings
- With a trading volume of 3,630,616, the price of PDD is down by -1.39%, reaching $143.61.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 75 days from now.
What The Experts Say On PDD Holdings
1 market experts have recently issued ratings for this stock, with a consensus target price of $215.0.
- Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on PDD Holdings with a target price of $215.
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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