Spotlight on PDD Holdings: Analyzing the Surge in Options Activity
Financial giants have made a conspicuous bullish move on PDD Holdings. Our analysis of options history for PDD Holdings PDD revealed 87 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 27 were puts, with a value of $1,964,219, and 60 were calls, valued at $8,300,647.
What’s The Price Target?
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 $230.0 for PDD Holdings over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PDD Holdings’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PDD Holdings’s significant trades, within a strike price range of $100.0 to $230.0, over the past month.
PDD Holdings Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | CALL | TRADE | BULLISH | 12/20/24 | $8.45 | $7.9 | $8.31 | $115.00 | $2.0M | 4.7K | 5.0K |
| PDD | CALL | TRADE | BEARISH | 12/20/24 | $8.15 | $8.0 | $8.0 | $115.00 | $2.0M | 4.7K | 2.5K |
| PDD | PUT | SWEEP | BULLISH | 12/13/24 | $28.05 | $27.75 | $27.8 | $144.00 | $247.4K | 0 | 139 |
| PDD | PUT | SWEEP | BULLISH | 12/20/24 | $38.7 | $38.45 | $38.45 | $155.00 | $192.2K | 1.0K | 50 |
| PDD | CALL | SWEEP | BULLISH | 12/20/24 | $6.3 | $6.2 | $6.3 | $120.00 | $184.5K | 4.2K | 654 |
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.
Present Market Standing of PDD Holdings
- Trading volume stands at 6,199,920, with PDD’s price up by 3.47%, positioned at $117.96.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 3 days.
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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.
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