PDD Holdings Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for PDD Holdings (NASDAQ:PDD), with a bearish stance being taken by a whale investor. Of the 19 strange trades detected, 47% were opened with bullish expectations and 52% with bearish. The total amount for the 8 puts was $560,090 and for the 11 calls was $661,758. Whales have been targeting a price range from $65.0 to $105.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 0.31% at $77.22.
August 21, 2023 | 3:00 pm
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Unusual options activity has been detected for PDD Holdings, with a bearish stance being taken by a whale investor. This could potentially impact the stock price in the short term.
The bearish stance taken by a whale investor indicates a belief that the stock price will decrease. This could potentially lead to a self-fulfilling prophecy as other investors react to this news, causing the stock price to actually decrease.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100