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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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