27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Pinduoduo.
Looking at options history for Pinduoduo (NASDAQ:PDD) we detected 12 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $901,022 and 4, calls, for a total amount of $180,414.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $56.0 for Pinduoduo over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Pinduoduo options trades today is 4736.75 with a total volume of 27,051.00.
Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Pinduoduo's big money trades within a strike price range of $50.0 to $56.0 over the last 30 days.
Pinduoduo 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 | SWEEP | BULLISH | 01/20/23 | $50.00 | $417.6K | 1.5K | 1.6K |
| PDD | PUT | SWEEP | BULLISH | 01/20/23 | $50.00 | $166.4K | 1.5K | 1.0K |
| PDD | PUT | SWEEP | BULLISH | 01/20/23 | $50.00 | $138.8K | 1.5K | 135 |
| PDD | CALL | SWEEP | BULLISH | 01/07/22 | $56.00 | $60.5K | 10.1K | 8.6K |
| PDD | PUT | SWEEP | BULLISH | 01/21/22 | $55.00 | $59.5K | 6.4K | 671 |
Where Is Pinduoduo Standing Right Now?
- With a volume of 3,866,256, the price of PDD is up 7.48% at $56.03.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 68 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.