Bearish flow noted in Pinduoduo with 12,615 puts trading, or 2x expected. Most active are 4/4 weekly 116 puts and Dec-25 180 calls, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 1 point on the day. Earnings are expected on May 22nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- Unusually active option classes on open March 28th
- Dollar Tree Stock (DLTR) Jumps as Family Dollar Sale Plans Unfold Ahead of Q4 Earnings
- Market Participants Consider PDD Holdings Stock a Bargain
- PDD Holdings Reports Strong Growth Amid Challenges
- FedEx downgraded, Adobe upgraded: Wall Street’s top analyst calls