PDD Holdings Unusual Options Activity For June 11

Author: Benzinga Insights | June 11, 2024 11:32am

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 16 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $115,405, and 13 are calls, for a total amount of $7,179,533.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $175.0 for PDD Holdings over the recent 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 $140.0 to $175.0 over the preceding 30 days.

PDD Holdings Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
PDD	CALL	TRADE	BULLISH	08/16/24	$8.25	$8.05	$8.25	$150.00	$6.1M	2.6K	16
PDD	CALL	TRADE	NEUTRAL	06/21/24	$2.75	$2.23	$2.5	$150.00	$246.0K	14.9K	1.0K
PDD	CALL	TRADE	BULLISH	08/16/24	$4.95	$4.75	$4.9	$160.00	$147.0K	18.9K	136
PDD	CALL	SWEEP	BULLISH	06/21/24	$2.39	$2.39	$2.4	$150.00	$120.0K	14.9K	1.5K
PDD	CALL	SWEEP	BEARISH	09/20/24	$4.35	$4.2	$4.2	$175.00	$84.0K	2.5K	314

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.

Present Market Standing of PDD Holdings

• With a volume of 2,823,433, the price of PDD is down -0.73% at $147.4.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 77 days.

What Analysts Are Saying About PDD Holdings

5 market experts have recently issued ratings for this stock, with a consensus target price of $223.2.

• Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on PDD Holdings with a target price of $230.
• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on PDD Holdings with a target price of $272.
• Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on PDD Holdings with a target price of $206.
• 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 persists with their Overweight rating on PDD Holdings, maintaining a target price of $224.

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.

Posted In: PDD