Buying PDD puts.
As a Chinese web company, PDD is vulnerable to increased Chinese regulations. The group had a bit of a relief rally but there’s no indication China’s crackdown is letting up. PDD is a $118 billion company with a triple-digit earnings multiple. There’s plenty of room for the stock to continue to trade lower.
- Buy (to open) 5 PDD November 19th $110 Puts
- Limit $18.50 or less
- The new position will represent roughly 9.1% of our Spec Model capital
- 14:44 Executed
- Bot 5 PDD Nov 19th $110 Puts @ $18.15