PDD Holdings 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 sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $70.0 to $150.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 1.11% at $109.48.
October 30, 2023 | 4:45 pm
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PDD Holdings has seen unusual options activity, with a large bullish position. The sentiment among these traders is 60% bullish and 40% bearish. The current price of PDD is up 1.11% at $109.48.
The unusual options activity, particularly the large bullish position, indicates that there is a significant expectation of a price increase for PDD Holdings. This could potentially drive the stock price up in the short term. However, the sentiment is not entirely bullish, with 40% being bearish, indicating some level of uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100