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Pinduoduo call buyer realizes 20% same-day gains
The Fly

Pinduoduo call buyer realizes 20% same-day gains

Notable profits for the buyer who lifted the $7.40 offer for 2,844 Pinduoduo (PDD) Jan-24 135 calls yesterday at 09:40ET when underlying shares were trading at $136.78. Shares closed at $138.96, and the calls at $8.85 for a mark-to-market profit of 20%, or $411K, on the $2105K outlay.

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