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Spotlight on PDD Holdings: Analyzing the Surge in Options Activity

Author: Benzinga Insights | August 09, 2024 01:02pm

Financial giants have made a conspicuous bullish move on PDD Holdings. Our analysis of options history for PDD Holdings (NASDAQ:PDD) revealed 30 unusual trades.

Delving into the details, we found 60% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,520,987, and 15 were calls, valued at $1,886,400.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $180.0 for PDD Holdings over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 3198.9 with a total volume of 5,603.00.

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 $90.0 to $180.0 over the last 30 days.

PDD Holdings Call and Put Volume: 30-Day Overview

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 CALL SWEEP BEARISH 08/23/24 $8.95 $8.15 $8.93 $131.00 $805.3K 69 900
PDD PUT TRADE BULLISH 11/15/24 $10.15 $9.6 $9.65 $135.00 $670.6K 1.7K 1.0K
PDD CALL TRADE BEARISH 02/21/25 $20.85 $19.9 $20.0 $135.00 $200.0K 15 100
PDD PUT SWEEP BULLISH 11/15/24 $9.9 $9.75 $9.75 $135.00 $161.8K 1.7K 236
PDD CALL TRADE BEARISH 01/16/26 $61.25 $59.25 $59.5 $90.00 $124.9K 303 50

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.

Following our analysis of the options activities associated with PDD Holdings, we pivot to a closer look at the company's own performance.

PDD Holdings's Current Market Status

  • Currently trading with a volume of 2,033,342, the PDD's price is up by 0.19%, now at $138.28.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 18 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PDD Holdings with Benzinga Pro for real-time alerts.

Posted In: PDD

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