Option traders moderately bearish in Pinduoduo (PDD), with shares down $2.31 near $97.73. Options volume roughly in line with average with 49k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 2.2 points near 39.73,and above the 52wk median, suggesting an expected daily move of $2.45. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Arete.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- Pinduoduo call volume above normal and directionally bullish
- PDD Holdings upgraded to Buy from Neutral at Arete on improving earnings outlook
- PDD Holdings upgraded to Buy from Neutral at Arete
- Morgan Stanley opens Research Tactical Idea on PDD Holdings
- Mixed options sentiment in Pinduoduo with shares up 0.62%