Financial giants have made a conspicuous bullish move on PDD Holdings. Our analysis of options history for PDD Holdings (NASDAQ:PDD) revealed 74 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 29% showed bearish tendencies. Out of all the trades we spotted, 29 were puts, with a value of $2,080,659, and 45 were calls, valued at $3,580,846.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $180.0 for PDD Holdings over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of PDD Holdings stands at 6883.67, with a total volume reaching 58,428.00. 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 $105.0 to $180.0, throughout 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 | CALL | TRADE | BULLISH | 07/12/24 | $3.0 | $2.87 | $3.0 | $134.00 | $786.3K | 0 | 681 |
| PDD | CALL | TRADE | BULLISH | 01/16/26 | $47.65 | $46.2 | $47.6 | $105.00 | $476.0K | 52 | 2 |
| PDD | PUT | TRADE | BULLISH | 11/15/24 | $5.95 | $5.8 | $5.8 | $120.00 | $290.0K | 59 | 0 |
| PDD | CALL | TRADE | BULLISH | 01/16/26 | $48.2 | $47.1 | $48.2 | $105.00 | $255.4K | 52 | 206 |
| PDD | PUT | TRADE | BULLISH | 07/19/24 | $3.65 | $3.5 | $3.5 | $133.00 | $245.0K | 545 | 16 |
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.
Where Is PDD Holdings Standing Right Now?
- Currently trading with a volume of 5,673,313, the PDD's price is down by -3.48%, now at $133.42.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 61 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.