Notable profits for the buyer who lifted the $2.10 offer for 6,000 Pinduoduo (PDD) 10/31 weekly 135 calls yesterday at 10:03ET when underlying shares were trading at $127.53. Shares closed at $127.39, and the calls at $3.58 for a mark-to-market profit of 70%, or $883K, on the $1262K outlay.
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:
- Pinduoduo call volume above normal and directionally bullish
- Bullish flow in Pinduoduo with shares up 0.84%
- Temu to pay $2M civil penalty for alleged violations of INFORM Consumers Act
- Mixed options sentiment in Pinduoduo with shares up 0.89%
- Mixed options sentiment in Pinduoduo with shares up 0.16%