PDD Holdings Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on PDD Holdings PDD.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PDD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 28% bullish and 71%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $27,540, and 13, calls, for a total amount of $720,649.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $150.0 for PDD Holdings over the last 3 months.

Insights into Volume & Open Interest

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 $85.0 to $150.0, over the past month.

PDD Holdings Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

In light of the recent options history for PDD Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of PDD Holdings

• With a volume of 560,656, the price of PDD is up 0.89% at $145.78.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 53 days.

Expert Opinions on PDD Holdings

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $215.0.

• Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for PDD Holdings, targeting a price 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.