Check Out What Whales Are Doing With PDD

A whale with a lot of money to spend has taken a noticeably bullish stance on PDD Holdings.

Looking at options history for PDD Holdings PDD we detected 34 strange trades.

If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $61,828 and 32, calls, for a total amount of $1,799,515.

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 $62.0 to $100.0 for PDD Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for PDD Holdings's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PDD Holdings's whale activity within a strike price range from $62.0 to $100.0 in the last 30 days.

PDD Holdings 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 CALL SWEEP BULLISH 07/21/23 $80.00 $199.2K 6.9K 924
PDD CALL TRADE BEARISH 06/21/24 $100.00 $150.0K 1.4K 10
PDD CALL TRADE BULLISH 06/21/24 $90.00 $115.0K 166 0
PDD CALL SWEEP BULLISH 06/21/24 $100.00 $113.2K 1.4K 410
PDD CALL SWEEP BULLISH 06/16/23 $62.00 $108.1K 211 130

Where Is PDD Holdings Standing Right Now?

  • With a volume of 6,320,483, the price of PDD is up 5.86% at $72.05.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 83 days.

What The Experts Say On PDD Holdings:

  • Barclays has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $103.
  • Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $25.
  • JP Morgan downgraded its action to Overweight with a price target of $110
  • Citigroup has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $105.
  • B of A Securities has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $97.

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 PDD Holdings, Benzinga Pro gives you real-time options trades alerts.

Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...