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 10 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $335,275, and 4 are calls, for a total amount of $222,332.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $135.0 to $172.5 for PDD Holdings over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 3440.44 with a total volume of 1,543.00.
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 $135.0 to $172.5 over the last 30 days.
PDD Holdings Option Volume And Open Interest Over 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 | BEARISH | 02/16/24 | $160.00 | $118.4K | 10.7K | 435 |
| PDD | PUT | TRADE | NEUTRAL | 03/15/24 | $150.00 | $89.7K | 402 | 0 |
| PDD | PUT | SWEEP | BULLISH | 03/15/24 | $135.00 | $75.0K | 1.7K | 250 |
| PDD | PUT | TRADE | BEARISH | 02/16/24 | $150.00 | $50.9K | 1.7K | 102 |
| PDD | PUT | SWEEP | BEARISH | 02/16/24 | $145.00 | $49.6K | 2.0K | 191 |
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.
Having examined the options trading patterns of PDD Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is PDD Holdings Standing Right Now?
- With a volume of 1,432,924, the price of PDD is down -0.06% at $151.24.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 66 days.
Professional Analyst Ratings for PDD Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $215.0.
- An analyst from Benchmark has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $215.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PDD Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
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