Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings PDD revealed 20 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $945,383, and 12 were calls, valued at $628,515.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $160.0 for PDD Holdings, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 2047.82 with a total volume of 2,436.00.
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 $50.0 to $160.0 over the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | PUT | TRADE | NEUTRAL | 10/18/24 | $7.7 | $7.55 | $7.62 | $100.00 | $381.0K | 320 | 500 |
| PDD | PUT | SWEEP | BEARISH | 01/17/25 | $17.1 | $16.9 | $17.06 | $115.00 | $170.8K | 944 | 100 |
| PDD | PUT | SWEEP | BULLISH | 01/16/26 | $25.85 | $25.45 | $25.45 | $115.00 | $134.9K | 6 | 53 |
| PDD | PUT | SWEEP | BULLISH | 07/19/24 | $7.7 | $7.5 | $7.5 | $110.00 | $124.4K | 1.0K | 90 |
| PDD | CALL | SWEEP | BEARISH | 04/19/24 | $6.2 | $6.1 | $6.1 | $115.00 | $91.5K | 2.4K | 171 |
About PDD Holdings
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD 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 has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
Present Market Standing of PDD Holdings
- Currently trading with a volume of 2,743,334, the PDD's price is down by -0.13%, now at $119.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 52 days.
Professional Analyst Ratings for PDD Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $165.8.
- An analyst from Jefferies persists with their Buy rating on PDD Holdings, maintaining a target price of $161.
- An analyst from Goldman Sachs has revised its rating downward to Neutral, adjusting the price target to $136.
- An analyst from Jefferies has elevated its stance to Buy, setting a new price target at $157.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on PDD Holdings with a target price of $190.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for PDD Holdings, targeting a price of $185.
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.
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