Pinduoduo Stock Pops After Upbeat Results

The company's recent international expansion announcement is giving the shares a boost as wel

Deputy Editor
Aug 29, 2022 at 1:38 PM
facebook X logo linkedin

Pinduoduo Inc (NASDAQ:PDD) stock is surging today, up 16.1% at last glance, and earlier as high as $72.19, after the China-based e-commerce giant's strong second-quarter results. Investors are also eyeing the company's overseas expansion, which was announced just last week. 

PDD options are flying off the shelves, with 133,000 calls and 83,000 puts exchanged so far -- 4.9 times the usual daily volume already. The weekly 9/2 70-strike call is the most active, followed by the weekly 9/2 65-strike put, with new positions opening at both. 

Though today's pop had PDD earlier hitting a 2022 high, the 320-day moving average appears to be keeping a cap on today's gains. Year-to-date, the equity is up 14.6%, though still down 28.6% year-over-year. 

PDD August29



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI