Investors with a lot of money to spend have taken a bearish stance on PDD Holdings (PDD). This news caught the attention of retail traders, as it often indicates that something significant is about to happen with the stock.
Today, Benzinga’s options scanner spotted 97 uncommon options trades for PDD Holdings. This is not a normal occurrence and suggests that big-money traders are making moves in the market. The overall sentiment of these trades is split between bullish and bearish, with 53 puts totaling $9,041,183 and 44 calls totaling $3,119,224.
Analyzing the volume and open interest in these contracts, it appears that the big players have been eyeing a price window from $70.0 to $180.0 for PDD Holdings over the past quarter.
In terms of liquidity and interest, the mean open interest for PDD Holdings options trades today is 2230.52 with a total volume of 61,932.00. The chart shows the development of volume and open interest of call and put options for PDD Holdings within a strike price range of $70.0 to $180.0 over the last 30 days.
Some significant options trades detected include puts and calls with varying sentiments and expiration dates. These trades indicate that there is a lot of activity surrounding PDD Holdings in the options market.
PDD Holdings is a multinational commerce group that aims to bring more businesses and people into the digital economy. The company owns and operates a portfolio of businesses and has built a network of sourcing, logistics, and fulfillment capabilities to support its operations.
Currently, PDD’s trading volume stands at 8,189,251, with the price up by 2.92% at $115.16. The stock is currently in a neutral position according to RSI indicators, and an earnings announcement is expected in 14 days.
Professional analyst ratings for PDD Holdings suggest an average target price of $146.5. Analysts from Goldman Sachs and Jefferies have shared their insights, with one downgrading the rating to Neutral and another upgrading it to Buy.
Trading options involves risks but also offers the potential for higher profits. Traders can mitigate risks through education, strategic adjustments, and staying informed about market dynamics. For real-time alerts on options trades for PDD Holdings, traders can utilize Benzinga Pro.
