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 24 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $2,744,467, and 11 are calls, for a total amount of $740,966.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $210.0 for PDD Holdings over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of PDD Holdings stands at 3762.86, with a total volume reaching 10,930.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PDD Holdings, situated within the strike price corridor from $100.0 to $210.0, throughout the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | PUT | SWEEP | BULLISH | 05/17/24 | $4.8 | $4.75 | $4.8 | $115.00 | $978.2K | 3.1K | 2.0K |
| PDD | PUT | SWEEP | BEARISH | 05/17/24 | $4.8 | $4.75 | $4.8 | $115.00 | $879.8K | 3.1K | 2.2K |
| PDD | CALL | SWEEP | BULLISH | 05/10/24 | $8.75 | $8.3 | $8.74 | $109.00 | $174.9K | 0 | 200 |
| PDD | PUT | TRADE | NEUTRAL | 04/19/24 | $12.7 | $12.35 | $12.55 | $128.00 | $125.5K | 1.0K | 500 |
| PDD | PUT | SWEEP | BULLISH | 04/19/24 | $12.55 | $12.5 | $12.5 | $128.00 | $124.7K | 1.0K | 300 |
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.
Current Position of PDD Holdings
- Currently trading with a volume of 2,804,506, the PDD's price is down by -0.33%, now at $115.12.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 39 days.
What Analysts Are Saying About PDD Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $186.8.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on PDD Holdings with a target price of $161.
- An analyst from Citigroup has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $185.
- An analyst from Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $220.
- An analyst from JP Morgan has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $190.
- An analyst from Barclays has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $178.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
