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 61 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 36 are puts, for a total amount of $2,344,312 and 25, calls, for a total amount of $2,767,412.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $185.0 for PDD Holdings during the past quarter.
Volume & Open Interest Trends
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 $100.0 to $185.0 over the preceding 30 days.
PDD Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 07/19/24 | $130.00 | $1.6M | 316 | 1.0K |
| PDD | PUT | SWEEP | BULLISH | 03/01/24 | $125.00 | $246.9K | 4.3K | 2.7K |
| PDD | PUT | SWEEP | BEARISH | 03/28/24 | $144.00 | $141.9K | 0 | 100 |
| PDD | CALL | SWEEP | BULLISH | 06/21/24 | $130.00 | $116.2K | 10.2K | 184 |
| PDD | PUT | SWEEP | BEARISH | 03/28/24 | $144.00 | $112.5K | 0 | 166 |
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 trading volume of 3,279,278, the price of PDD is up by 1.04%, reaching $127.8.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 20 days from now.
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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