Whales with a lot of money to spend have taken a noticeably bullish stance on PDD Holdings.
Looking at options history for PDD Holdings PDD we detected 71 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $1,032,146 and 55, calls, for a total amount of $4,463,002.
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 $50.0 to $180.0 for PDD Holdings during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of PDD Holdings stands at 1816.81, with a total volume reaching 24,741.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PDD Holdings, situated within the strike price corridor from $50.0 to $180.0, throughout 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 | PUT | TRADE | BEARISH | 05/17/24 | $115.00 | $280.0K | 880 | 411 |
| PDD | CALL | SWEEP | BEARISH | 04/19/24 | $130.00 | $173.7K | 3.3K | 287 |
| PDD | CALL | SWEEP | BEARISH | 04/05/24 | $115.00 | $157.5K | 0 | 1.1K |
| PDD | CALL | SWEEP | BULLISH | 05/17/24 | $135.00 | $155.4K | 466 | 354 |
| PDD | CALL | SWEEP | BULLISH | 06/21/24 | $145.00 | $152.4K | 1.2K | 402 |
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.
Having examined the options trading patterns of PDD Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of PDD Holdings
- With a volume of 3,640,545, the price of PDD is up 0.09% at $126.96.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 14 days.
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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