Selling our PDD and ROKU put contracts.
Rolling our PDD put contracts to a lower strike price and January expiration date.
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 […]