Moderately bullish activity in Pinduoduo (PDD), with shares up 38c, or 0.38%, near $101.59. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 1.53. Implied volatility (IV30) is higher by 0.4 points near 31.06,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.99. Put-call skew steepened, indicating increased demand for downside protection.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- JD.com’s Founder Targets Massive Revamp Following ‘Lost Five Years’
- Technical Outlook Favors Tactical Options Strategy on PDD Holdings Stock (PDD)
- Option traders moderately bearish in Pinduoduo with shareslittle changed
- Mixed options sentiment in Pinduoduo with shares down 2.58%
- Moderately bullish activity in Pinduoduo with shares up 0.83%