Check Out What Whales Are Doing With PDD

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 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 97 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 49% bullish and 50%, bearish.

Out of all of the special options we uncovered, 53 are puts, for a total amount of $9,041,183, and 44 are calls, for a total amount of $3,119,224.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $180.0 for PDD Holdings during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 2230.52 with a total volume of 61,932.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for PDD Holdings's big money trades within a strike price range of $70.0 to $180.0 over the last 30 days.

PDD Holdings Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD PUT TRADE NEUTRAL 06/21/24 $100.00 $665.0K 6.4K 1.0K
PDD PUT TRADE BEARISH 01/17/25 $115.00 $401.0K 558 314
PDD PUT TRADE BULLISH 06/20/25 $115.00 $367.5K 327 150
PDD CALL SWEEP BEARISH 08/16/24 $140.00 $307.3K 136 765
PDD PUT SWEEP BULLISH 04/19/24 $145.00 $287.5K 3.3K 220

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.

Where Is PDD Holdings Standing Right Now?

  • Trading volume stands at 8,189,251, with PDD's price up by 2.92%, positioned at $115.16.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 14 days.

Professional Analyst Ratings for PDD Holdings

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $146.5.

  • In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $136.
  • In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $157.

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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