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Investors with a lot of money to spend have taken a bearish 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 24 uncommon options trades for PDD Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $2,744,467, and 11 are calls, for a total amount of $740,966.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $210.0 for PDD Holdings over the last 3 months.
In today's trading context, the average open interest for options of PDD Holdings stands at 3762.86, with a total volume reaching 10,930.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PDD Holdings, situated within the strike price corridor from $100.0 to $210.0, throughout the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
PDD | PUT | SWEEP | BULLISH | 05/17/24 | $4.8 | $4.75 | $4.8 | $115.00 | $978.2K | 3.1K | 2.0K |
PDD | PUT | SWEEP | BEARISH | 05/17/24 | $4.8 | $4.75 | $4.8 | $115.00 | $879.8K | 3.1K | 2.2K |
PDD | CALL | SWEEP | BULLISH | 05/10/24 | $8.75 | $8.3 | $8.74 | $109.00 | $174.9K | 0 | 200 |
PDD | PUT | TRADE | NEUTRAL | 04/19/24 | $12.7 | $12.35 | $12.55 | $128.00 | $125.5K | 1.0K | 500 |
PDD | PUT | SWEEP | BULLISH | 04/19/24 | $12.55 | $12.5 | $12.5 | $128.00 | $124.7K | 1.0K | 300 |
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.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $186.8.
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