27% profit every 20 days?
This is what Nic Chahine averages with his option 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 PDD Holdings.
Looking at options history for PDD Holdings (NASDAQ:PDD) we detected 34 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $61,828 and 32, calls, for a total amount of $1,799,515.
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 $62.0 to $100.0 for PDD Holdings over the last 3 months.
Volume & Open Interest Development
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.
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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 $62.0 to $100.0 in 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 | CALL | SWEEP | BULLISH | 07/21/23 | $80.00 | $199.2K | 6.9K | 924 |
| PDD | CALL | TRADE | BEARISH | 06/21/24 | $100.00 | $150.0K | 1.4K | 10 |
| PDD | CALL | TRADE | BULLISH | 06/21/24 | $90.00 | $115.0K | 166 | 0 |
| PDD | CALL | SWEEP | BULLISH | 06/21/24 | $100.00 | $113.2K | 1.4K | 410 |
| PDD | CALL | SWEEP | BULLISH | 06/16/23 | $62.00 | $108.1K | 211 | 130 |
Where Is PDD Holdings Standing Right Now?
- With a volume of 6,320,483, the price of PDD is up 5.86% at $72.05.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 83 days.
What The Experts Say On PDD Holdings:
- Barclays has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $103.
- Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $25.
- JP Morgan downgraded its action to Overweight with a price target of $110
- Citigroup has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $105.
- B of A Securities has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $97.
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 want to stay updated on the latest options trades for PDD Holdings, Benzinga Pro gives you real-time options trades alerts.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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.