Whales with a lot of money to spend have taken a noticeably bullish stance on PDD Holdings.
Looking at options history for PDD Holdings PDD we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $1,500,600 and 7, calls, for a total amount of $383,078.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $150.0 for PDD Holdings over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $125.0 to $150.0 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 | PUT | TRADE | BEARISH | 01/17/25 | $125.00 | $1.4M | 547 | 1.0K |
| PDD | CALL | TRADE | BULLISH | 04/19/24 | $135.00 | $83.9K | 405 | 303 |
| PDD | CALL | TRADE | BULLISH | 04/19/24 | $135.00 | $81.4K | 405 | 153 |
| PDD | CALL | TRADE | BULLISH | 04/19/24 | $135.00 | $79.2K | 405 | 73 |
| PDD | CALL | TRADE | BEARISH | 04/19/24 | $135.00 | $49.3K | 405 | 203 |
About PDD Holdings
PDD Holdings 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.
Current Position of PDD Holdings
- With a trading volume of 2,997,313, the price of PDD is up by 1.65%, reaching $144.5.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 60 days from now.
What The Experts Say On PDD Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $215.0.
- An analyst from Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $215.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PDD Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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