Pinduoduo (PDD) Put Selling Creating Entry-Level - Susquehanna

Susquehanna options strategies Alison Edwards notes Jan put selling in Pinduoduo (NASDAQ: PDD) is creating an entry-level.

Edwards commented, "An opening investor in Pinduoduo sold 7,500 Jan 50 (.36d) puts, most at $4.90. This investor expresses comfort being assigned to buy 750k shares in the event of a 6% decline through mid-January. The company, which operates in China, is 73% off YTD highs and down 35% in the last month."

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