Pinduoduo experienced a sharp drop in stock price yesterday. To confirm the extent of its impact, I reviewed the options activity for the KWEB and FXI ETFs. On March 23rd, I noticed that a trader placed a very aggressive order:buy $KWEB 20230421 34.5 CALL$The total transaction amount for the call option is over 1.9 million. It has an expiration date of April 21 and a strike price of 34.5 OTM. There is a high likelihood that there will be a surge in the near future, or the price will rise to 34.5 before April 21.Similarly, there is an option move on FXI, where traders are making a call spread, which is not so aggressive:buy
Pinduoduo experienced a sharp drop in stock price yesterday. To confirm the extent of its impact, I reviewed the options activity for the KWEB and FXI ETFs. On March 23rd, I noticed that a trader placed a very aggressive order:buy $KWEB 20230421 34.5 CALL$The total transaction amount for the call option is over 1.9 million. It has an expiration date of April 21 and a strike price of 34.5 OTM. There is a high likelihood that there will be a surge in the near future, or the price will rise to 34.5 before April 21.Similarly, there is an option move on FXI, where traders are making a call spread, which is not so aggressive:buy