PDD Holdings's Options Frenzy: What You Need to Know

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

And retail traders should know.

We noticed this today when the trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $217,000, and 15 are calls, for a total amount of $979,910.

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 $80.0 to $180.0 for PDD Holdings over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PDD Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PDD Holdings's substantial trades, within a strike price spectrum from $80.0 to $180.0 over the preceding 30 days.

PDD Holdings Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD CALL SWEEP BULLISH 04/12/24 $110.00 $118.0K 601 100
PDD CALL SWEEP NEUTRAL 04/12/24 $110.00 $113.0K 601 200
PDD CALL TRADE BEARISH 05/17/24 $100.00 $101.0K 210 0
PDD CALL TRADE BEARISH 04/12/24 $110.00 $91.2K 601 300
PDD CALL SWEEP BULLISH 03/28/24 $140.00 $90.0K 682 505

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.

PDD Holdings's Current Market Status

  • With a trading volume of 1,646,953, the price of PDD is down by -0.97%, reaching $116.0.
  • Current RSI values indicate that the stock is may be approaching oversold.
  • Next earnings report is scheduled for 14 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PDD Holdings with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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