Looking At PDD Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $95.0 to $140.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 0.4% at $98.46.
October 02, 2023 | 2:01 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on PDD Holdings. The sentiment of big-money traders is 36% bullish and 63% bearish.
The unusual options activity and the bearish sentiment of big-money traders indicate a potential downward movement in the short term for PDD Holdings. This is further supported by the fact that the whales have been targeting a price range from $95.0 to $140.0 for PDD Holdings over the last 3 months, which suggests they expect the price to fluctuate within this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100