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.
High-rolling investors have positioned themselves bullish on PDD Holdings (NASDAQ:PDD), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PDD often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for PDD Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 61% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $42,750, and 12 calls, totaling $542,706.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $135.0 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 $45.0 to $135.0 in the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 06/21/24 | $135.00 | $130.8K | 2.1K | 134 |
| PDD | CALL | SWEEP | BEARISH | 12/15/23 | $115.00 | $70.0K | 3.9K | 126 |
| PDD | CALL | TRADE | BULLISH | 06/21/24 | $110.00 | $53.6K | 1.6K | 29 |
| PDD | PUT | SWEEP | BEARISH | 01/19/24 | $110.00 | $42.7K | 2.8K | 46 |
| PDD | CALL | SWEEP | BULLISH | 03/15/24 | $135.00 | $38.5K | 2.6K | 0 |
About PDD Holdings
PDD Holdings (NASDAQ: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.
Present Market Standing of PDD Holdings
- Trading volume stands at 991,784, with PDD's price up by 0.94%, positioned at $110.68.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 18 days.
Professional Analyst Ratings for PDD Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $146.0.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for PDD Holdings, targeting a price of $155.
- An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $137.
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% 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.
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