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News

This Is What Whales Are Betting On PDD Holdings

Author: Benzinga Insights | June 05, 2024 10:16am

Investors with a lot of money to spend have taken a bullish stance on PDD Holdings (NASDAQ: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 72 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 37%, bearish.

Out of all of the special options we uncovered, 54 are puts, for a total amount of $5,390,417, and 18 are calls, for a total amount of $978,363.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $170.0 for PDD Holdings, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PDD Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PDD Holdings's substantial trades, within a strike price spectrum from $120.0 to $170.0 over the preceding 30 days.

PDD Holdings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PDD PUT SWEEP BEARISH 03/21/25 $10.2 $10.2 $10.2 $125.00 $306.0K 258 300
PDD PUT TRADE BEARISH 07/19/24 $4.85 $4.6 $4.77 $140.00 $238.5K 9.5K 6
PDD PUT SWEEP BULLISH 06/20/25 $11.15 $11.05 $11.15 $120.00 $223.9K 373 200
PDD PUT SWEEP BULLISH 06/20/25 $11.65 $11.15 $11.15 $120.00 $223.0K 373 200
PDD PUT SWEEP BEARISH 08/16/24 $6.95 $6.9 $6.9 $140.00 $208.8K 33.8K 1.3K

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.

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

PDD Holdings's Current Market Status

  • Trading volume stands at 3,047,546, with PDD's price down by -2.85%, positioned at $141.72.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 83 days.

Professional Analyst Ratings for 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 $223.2.

  • In a positive move, an analyst from Goldman Sachs has upgraded their rating to Buy and adjusted the price target to $184.
  • An analyst from Barclays has decided to maintain their Overweight rating on PDD Holdings, which currently sits at a price target of $224.
  • An analyst from Benchmark persists with their Buy rating on PDD Holdings, maintaining a target price of $230.
  • An analyst from UBS has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $272.
  • An analyst from B of A Securities has decided to maintain their Buy rating on PDD Holdings, which currently sits at a price target of $206.

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.

Posted In: PDD