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Benzinga
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Benzinga Insights

Looking At Pinduoduo's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Pinduoduo.

Looking at options history for Pinduoduo (NASDAQ:PDD) we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $537,057 and 8, calls, for a total amount of $628,474.

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 $55.0 to $105.0 for Pinduoduo over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Pinduoduo options trades today is 813.0 with a total volume of 10,162.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Pinduoduo's big money trades within a strike price range of $55.0 to $105.0 over the last 30 days.

Pinduoduo Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PDD CALL TRADE BEARISH 01/19/24 $60.00 $145.3K 154 0
PDD PUT TRADE BULLISH 07/22/22 $55.00 $124.6K 551 1.0K
PDD CALL SWEEP BEARISH 08/05/22 $56.00 $95.7K 2 300
PDD CALL SWEEP BULLISH 08/05/22 $56.00 $93.2K 2 114
PDD PUT SWEEP BEARISH 07/29/22 $62.00 $85.1K 1.0K 550

Where Is Pinduoduo Standing Right Now?

  • With a volume of 1,448,314, the price of PDD is down -4.97% at $63.31.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 48 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 Pinduoduo, Benzinga Pro gives you real-time options trades alerts.

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