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 26 trades.
If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $335,427 and 19, calls, for a total amount of $1,182,566.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $150.0 for PDD Holdings, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for PDD Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PDD Holdings's whale activity within a strike price range from $95.0 to $150.0 in the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 12/06/24 | $5.9 | $5.85 | $5.9 | $115.00 | $177.1K | 1.8K | 1.7K |
| PDD | CALL | SWEEP | BULLISH | 12/13/24 | $19.55 | $19.45 | $19.55 | $95.00 | $89.9K | 1 | 300 |
| PDD | PUT | TRADE | BULLISH | 12/06/24 | $8.85 | $8.4 | $8.45 | $115.00 | $84.4K | 202 | 104 |
| PDD | CALL | TRADE | NEUTRAL | 12/06/24 | $8.55 | $8.3 | $8.41 | $110.00 | $84.1K | 1.4K | 616 |
| PDD | CALL | TRADE | NEUTRAL | 12/06/24 | $8.55 | $8.3 | $8.41 | $110.00 | $84.1K | 1.4K | 516 |
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.
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.
Where Is PDD Holdings Standing Right Now?
- With a volume of 2,325,272, the price of PDD is down -4.23% at $112.19.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 14 days.
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