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What the Options Market Tells Us About PDD Holdings

Author: Benzinga Insights | August 28, 2024 10:45am

Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings (NASDAQ:PDD) revealed 50 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 37 were puts, with a value of $4,169,408, and 13 were calls, valued at $1,278,012.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $148.0 for PDD Holdings during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 3577.03 with a total volume of 115,887.00.

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 $65.0 to $148.0 over the last 30 days.

PDD Holdings Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PDD PUT TRADE BULLISH 01/17/25 $32.7 $31.0 $31.0 $125.00 $620.0K 7.1K 200
PDD CALL TRADE BEARISH 01/17/25 $12.05 $11.7 $11.8 $90.00 $555.7K 1.3K 1.3K
PDD PUT TRADE BEARISH 11/15/24 $25.75 $25.5 $25.65 $115.00 $477.0K 1.3K 600
PDD PUT SWEEP BEARISH 01/17/25 $18.5 $18.1 $18.49 $105.00 $362.4K 4.1K 457
PDD PUT SWEEP BEARISH 08/30/24 $3.8 $3.65 $3.75 $95.00 $298.1K 19.5K 4.1K

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

  • With a trading volume of 15,389,960, the price of PDD is down by -5.69%, reaching $90.45.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 90 days from now.

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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