A Closer Look at PDD Holdings's Options Market Dynamics

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 11 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $167,880, and 9 are calls, for a total amount of $516,241.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $195.0 for PDD Holdings, spanning the last three months.

Analyzing Volume & Open Interest

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 $100.0 to $195.0 in the last 30 days.

PDD Holdings Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Where Is PDD Holdings Standing Right Now?

• Currently trading with a volume of 2,706,775, the PDD's price is down by -0.31%, now at $150.01.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 68 days.

Professional Analyst Ratings for PDD Holdings

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $215.0.

• An analyst from Benchmark persists with their Buy rating on PDD Holdings, maintaining 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.