Investors with a lot of money to spend have taken a bearish 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 97 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 49% bullish and 50%, bearish.
Out of all of the special options we uncovered, 53 are puts, for a total amount of $9,041,183, and 44 are calls, for a total amount of $3,119,224.
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 $70.0 to $180.0 for PDD Holdings during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 2230.52 with a total volume of 61,932.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PDD Holdings's big money trades within a strike price range of $70.0 to $180.0 over the last 30 days.
PDD Holdings Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | PUT | TRADE | NEUTRAL | 06/21/24 | $100.00 | $665.0K | 6.4K | 1.0K |
| PDD | PUT | TRADE | BEARISH | 01/17/25 | $115.00 | $401.0K | 558 | 314 |
| PDD | PUT | TRADE | BULLISH | 06/20/25 | $115.00 | $367.5K | 327 | 150 |
| PDD | CALL | SWEEP | BEARISH | 08/16/24 | $140.00 | $307.3K | 136 | 765 |
| PDD | PUT | SWEEP | BULLISH | 04/19/24 | $145.00 | $287.5K | 3.3K | 220 |
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?
- Trading volume stands at 8,189,251, with PDD's price up by 2.92%, positioned at $115.16.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 14 days.
Professional Analyst Ratings for PDD Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $146.5.
- In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $136.
- In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $157.
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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