PDD Options Chain, Open Interest, and Volatility Data

PDD Options Open Interest & Strategy Insights

PDD – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
120	54730	85873	140603
130	35703	59162	94865
140	79408	12203	91611
125	27687	58659	86346
115	17273	68283	85556
100	23358	55060	78418
145	59361	9824	69185
160	68144	414	68558
135	41051	27352	68403
110	14594	52940	67534

PDD – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.73	0.39	48.18%	43.98%	-4.20%

Data Analysis

Symbol: PDD Current Price: 136.34
Max Pain: 133.00 (above)

📌 Absolute OI Peak: 120.00 (140603 contracts)
🛡️ Short-term Key Levels: 135.00（68403 contracts，minor support） , 130.00（94865 contracts，major support） , 125.00（86346 contracts，major support）

📈 Put/Call OI Ratio: 0.73 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.39 (bullish, Call volume dominant)

📊 Avg Call IV: 48.18%
Avg Put IV: 43.98%
IV Skew: -4.20% (Call IV higher than Put IV by 4.20%, upward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	13382	2174	41972	0.162	Moderate Bullish 📈 (70) ⚠️
2025-11-14	1607	1033	29786	0.643	Slight Bullish 📈 (60)
2025-11-21	1983	1177	180904	0.594	Moderate Bullish 📈 (65)
2025-11-28	1155	481	79419	0.416	Strong Bullish 📈💥 (85)
2025-12-05	323	90	1091	0.279	Moderate Bullish 📈 (70) ⚠️
2025-12-12	3	62	174	20.667	Moderate Bearish 📉 (30) ⚠️
2025-12-19	1620	1380	147952	0.852	Moderate Bullish 📈 (65)
2026-01-16	1460	393	264355	0.269	Strong Bullish 📈💥 (85) ⚠️
2026-02-20	1483	233	41343	0.157	Moderate Bullish 📈 (70) ⚠️
2026-03-20	206	1463	135092	7.102	Strong Bearish 📉💥 (15) ⚠️
2026-04-17	281	494	24610	1.758	Moderate Bearish 📉 (30)
2026-05-15	170	105	11087	0.618	Slight Bullish 📈 (60)
2026-06-18	275	919	71385	3.342	Strong Bearish 📉💥 (15) ⚠️
2026-09-18	320	2227	24590	6.959	Moderate Bearish 📉 (30) ⚠️
2026-12-18	127	530	17566	4.173	Moderate Bearish 📉 (30) ⚠️
2027-01-15	344	959	29894	2.788	Moderate Bearish 📉 (30)
2027-06-17	159	391	10680	2.459	Moderate Bearish 📉 (30)
2028-01-21	185	56	1575	0.303	Moderate Bullish 📈 (70)
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.