Pinduoduo (PDD) Put Selling Creating Entry-Level - Susquehanna
Get Alerts PDD Hot Sheet
Price: $80.91 -0.94%
Rating Summary:
15 Buy, 13 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 12
Rating Summary:
15 Buy, 13 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 12
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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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