Option traders moderately bearish in Pinduoduo (PDD), with shares up $2.02, or 1.78%, near $116.03. Options volume roughly in line with average with 72k contracts traded and puts leading calls for a put/call ratio of 1.37, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 1.2 points near 29.68,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.17. Put-call skew steepened, indicating increased demand for downside protection.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- eBay Stock Rises despite French Probe into Sale of Illegal Products
- PDD Holdings’ (PDD) Post-Earnings Meltdown Creates Quant Options Play
- Bearish options flow identified in Pinduoduo with shares down 0.27%
- Pdd Holdings Balances Growth and Challenges in Earnings Call
- PDD Holdings: Strong Financial Performance and Strategic Initiatives Drive Buy Rating