Notable profits for the buyer who lifted the $5.10 offer for 14,998 Pinduoduo (PDD) 10/3 weekly 121 calls yesterday at 11:05ET when underlying shares were trading at $122.14. Shares closed at $124.39, and the calls at $6.57 for a mark-to-market profit of 29%, or $2197K, on the $7649K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- Mixed options sentiment in Pinduoduo with shares up 1.41%
- Pdd Holdings Earnings Call: Strategic Growth Amid Challenges
- Fed’s Cook resists Trump firing, EchoStar skyrockets after deal: Morning Buzz
- AMD upgraded, PDD downgraded: Wall Street’s top analyst calls
- PDD Holdings price target raised to $165 from $158 at Barclays