PDD Holdings Unusual Options Activity

PINDUODUO INC. +2.77%

PINDUODUO INC.

PDD

151.00

+2.77%

Someone with a lot of money to spend has taken a bullish stance on PDD Holdings (NASDAQ:PDD).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for PDD Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $276,503, and 7 are calls, for a total amount of $679,450.

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 $70.0 to $150.0 for PDD Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for PDD Holdings's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PDD Holdings's whale activity within a strike price range from $70.0 to $150.0 in the last 30 days.

PDD Holdings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD CALL SWEEP BULLISH 12/01/23 $108.00 $211.2K 29 0
PDD CALL TRADE NEUTRAL 01/19/24 $130.00 $165.0K 7.4K 60
PDD CALL SWEEP NEUTRAL 11/03/23 $102.00 $143.4K 487 20
PDD PUT SWEEP BULLISH 11/10/23 $102.00 $137.1K 196 1
PDD PUT TRADE BEARISH 01/16/26 $100.00 $109.8K 0 2

Where Is PDD Holdings Standing Right Now?

  • With a volume of 2,598,231, the price of PDD is up 1.11% at $109.48.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 28 days.

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.

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