Looking At Pinduoduo's Recent Whale Trades

Looking At Pinduoduo's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Pinduoduo.

Looking at options history for Pinduoduo PDD we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $1,502,901 and 7, calls, for a total amount of $413,460.

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 $45.0 to $80.0 for Pinduoduo over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Pinduoduo options trades today is 2421.75 with a total volume of 7,313.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Pinduoduo's big money trades within a strike price range of $45.0 to $80.0 over the last 30 days.

Pinduoduo 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 SWEEP BEARISH 01/20/23 $50.00 $501.6K 4.8K 1.4K
PDD PUT TRADE BULLISH 10/21/22 $65.00 $448.5K 4.9K 1.4K
PDD CALL TRADE NEUTRAL 06/16/23 $80.00 $154.9K 357 150
PDD CALL TRADE BEARISH 06/16/23 $55.00 $83.0K 72 80
PDD PUT SWEEP BEARISH 03/17/23 $50.00 $70.5K 308 147

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD PUT SWEEP BEARISH 01/20/23 $50.00 $501.6K 4.8K 1.4K
PDD PUT TRADE BULLISH 10/21/22 $65.00 $448.5K 4.9K 1.4K
PDD CALL TRADE NEUTRAL 06/16/23 $80.00 $154.9K 357 150
PDD CALL TRADE BEARISH 06/16/23 $55.00 $83.0K 72 80
PDD PUT SWEEP BEARISH 03/17/23 $50.00 $70.5K 308 147

Where Is Pinduoduo Standing Right Now?

  • With a volume of 4,674,754, the price of PDD is down -0.86% at $65.9.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 51 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Pinduoduo, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets