Deep-pocketed investors have adopted a bullish 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 59 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 55% leaning bullish and 44% bearish. Among these notable options, 16 are puts, totaling $1,412,857, and 43 are calls, amounting to $6,374,172.
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 $65.0 to $165.0 for PDD Holdings during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PDD Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PDD Holdings's significant trades, within a strike price range of $65.0 to $165.0, over the past month.
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 | TRADE | BULLISH | 01/19/24 | $110.00 | $519.9K | 23.8K | 607 |
| PDD | PUT | SWEEP | BULLISH | 01/19/24 | $125.00 | $400.0K | 1.3K | 2.5K |
| PDD | CALL | TRADE | NEUTRAL | 12/01/23 | $130.00 | $337.8K | 1.9K | 383 |
| PDD | PUT | SWEEP | BULLISH | 01/17/25 | $150.00 | $281.5K | 412 | 100 |
| PDD | CALL | SWEEP | BEARISH | 01/19/24 | $120.00 | $150.3K | 16.2K | 100 |
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.
Current Position of PDD Holdings
- Currently trading with a volume of 11,251,098, the PDD's price is down by -0.19%, now at $138.74.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 110 days.
What The Experts Say On PDD Holdings
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $160.66666666666666.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on PDD Holdings with a target price of $155.
- An analyst from Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $190.
- An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $137.
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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