|Bid||171.60 x 800|
|Ask||171.80 x 800|
|Day's Range||168.50 - 172.80|
|52 Week Range||30.20 - 187.70|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Alibaba stock jumped Wednesday as Jack Ma was seen in public for the first time in three months, and at a time when Hong-Kong listed stocks overall have been setting new highs.
Pinduoduo (NASDAQ:PDD) shares experienced unusual options activity on Wednesday. The stock price moved down to $168.79 following the option alert. * Sentiment: BEARISH * Option Type: TRADE * Trade Type: CALL * Expiration Date: 2021-02-19 * Strike Price: $200.00 * Volume: 512 * Open Interest: 3253Three Indications Of Unusual Options Activity Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it.Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Using These Options Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * 12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session * Unusual Options Activity Insight: Pinduoduo(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A former employee at China's Pinduoduo on Wednesday told state news agency Xinhua of long working hours at the ecommerce firm after the recent death of an employee there. "When I was working at Pinduoduo, I started working at 11 a.m. and usually finished at 11 p.m. or 12 p.m., six days a week," the employee, who gave his surname as Wang, told Xinhua. Pinduoduo did not immediately respond to a request for comment on the report.