Looking At PDD Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 11 options trades for PDD Holdings, with 63% bullish and 36% bearish sentiment. Whales have been targeting a price range from $65.0 to $100.0 for PDD Holdings over the last 3 months. The price of PDD is up 1.4% at $80.13, with RSI indicators suggesting the stock may be approaching overbought.
August 17, 2023 | 5:46 pm
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POSITIVE IMPACT
Unusual options activity indicates a bullish stance on PDD Holdings. Whales have been targeting a price range from $65.0 to $100.0 over the last 3 months.
The unusual options activity, with a large position indicating a bullish stance, suggests that investors are expecting the price of PDD Holdings to increase. This is further supported by the fact that whales have been targeting a price range from $65.0 to $100.0 for PDD Holdings over the last 3 months. The current price of PDD is up 1.4% at $80.13, which is within this targeted range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100