PDD Holdings Unusual Options Activity For November 08
PINDUODUO INC. PDD | 99.34 | -0.38% |
Whales with a lot of money to spend have taken a noticeably bearish stance on PDD Holdings.
Looking at options history for PDD Holdings (NASDAQ:PDD) we detected 58 trades.
If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 21 are puts, for a total amount of $1,086,432 and 37, calls, for a total amount of $1,970,223.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $180.0 for PDD Holdings, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $110.0 to $180.0 in the last 30 days.
PDD Holdings Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | PUT | SWEEP | BEARISH | 11/22/24 | $2.58 | $2.57 | $2.58 | $115.00 | $232.2K | 287 | 128 |
| PDD | CALL | TRADE | NEUTRAL | 12/06/24 | $15.25 | $14.55 | $14.86 | $110.00 | $148.6K | 500 | 100 |
| PDD | CALL | SWEEP | BEARISH | 12/20/24 | $3.85 | $3.65 | $3.65 | $140.00 | $132.1K | 7.8K | 541 |
| PDD | CALL | TRADE | BEARISH | 06/20/25 | $13.05 | $12.25 | $12.52 | $140.00 | $125.2K | 9.0K | 105 |
| PDD | CALL | TRADE | BULLISH | 12/06/24 | $11.85 | $10.65 | $11.49 | $115.00 | $114.9K | 600 | 300 |
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.
Where Is PDD Holdings Standing Right Now?
- Currently trading with a volume of 2,433,589, the PDD's price is down by -4.46%, now at $120.26.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 18 days.
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