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.
Whales with a lot of money to spend have taken a noticeably bearish stance on PDD Holdings.
Looking at options history for PDD Holdings (NASDAQ:PDD) we detected 37 trades.
If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $330,139 and 30, calls, for a total amount of $2,154,275.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $185.0 for PDD Holdings over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PDD Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PDD Holdings's significant trades, within a strike price range of $90.0 to $185.0, over the past month.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 10/18/24 | $16.75 | $16.5 | $16.5 | $120.00 | $504.9K | 379 | 2 |
| PDD | CALL | SWEEP | BEARISH | 05/17/24 | $15.0 | $14.9 | $14.9 | $105.00 | $144.5K | 2.2K | 197 |
| PDD | PUT | SWEEP | BULLISH | 05/10/24 | $15.55 | $15.25 | $15.25 | $132.00 | $140.3K | 0 | 101 |
| PDD | CALL | SWEEP | BEARISH | 05/17/24 | $15.0 | $14.9 | $14.9 | $105.00 | $125.1K | 2.2K | 100 |
| PDD | CALL | SWEEP | BEARISH | 01/17/25 | $7.5 | $7.45 | $7.45 | $170.00 | $122.8K | 2.1K | 685 |
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.
Where Is PDD Holdings Standing Right Now?
- With a volume of 2,301,721, the price of PDD is up 0.43% at $117.97.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 49 days.
Expert Opinions on PDD Holdings
5 market experts have recently issued ratings for this stock, with a consensus target price of $175.2.
- An analyst from Jefferies has elevated its stance to Buy, setting a new price target at $157.
- Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on PDD Holdings with a target price of $220.
- An analyst from Barclays has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $178.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for PDD Holdings, targeting a price of $185.
- In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $136.
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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