A group of people with lots of money think PDD's stock price will go down soon, so they bought options to protect themselves or make money if that happens. They spent over half a million dollars on these options. Some other traders are still hopeful the stock will go up, but most of them are not sure what will happen. Read from source...

- The title is misleading and sensationalist, as it implies that only "smart money" is betting big in PDD options, while the article does not provide any evidence or criteria to support this claim.
- The article uses vague terms like "investors with a lot of money", "wealthy individuals", and "somebody knows something" without specifying who they are, how much they have, or what their motives are. This creates confusion and speculation among the readers, rather than informing them.
- The article relies on publicly available options history from Benzinga, which may not be accurate, complete, or representative of the whole market. It also does not explain how this data is collected, verified, or analyzed, nor what are its limitations and biases.
- The article focuses on the number and type of options trades, rather than their actual value, impact, or rationale. This creates a distorted picture of the market sentiment, as different traders may have different strategies, risk tolerance, and expectations. It also ignores other factors that may affect the stock price, such as fundamentals, earnings, news, etc.
- The article uses subjective terms like "bearish", "bullish", and "special options" without defining them or providing any context or explanation. This creates confusion and ambiguity among the readers, as well as a bias towards certain traders or outcomes. It also does not acknowledge that options are derivatives of underlying assets, and their value depends on various factors, such as volatility, time, interest rates, dividends, etc.
- The article ends with a vague prediction of the expected price movements based on the trading activity, without providing any evidence or reasoning behind it. It also does not disclose the source, date, or methodology of this prediction, nor what are its assumptions and limitations.

bearish and bullish

Given the information in the article, I would recommend the following strategies for investing in PDD options:

- If you are bullish on PDD, you can buy call options with a strike price near or above $110.0, expiring in April 2024 or later, and with a high enough delta to capture a significant portion of the stock's appreciation. For example, you could buy the PDD Apr 2024 $115.00 CALL (PDD230415C115) for around $8.60 per contract, which would profit if PDD rises above $115 by April 2024. Alternatively, you could buy the PDD Apr 2024 $120.00 CALL (PDB339F230) for around $4.80 per contract, which would profit if PDD rises above $120 by April 2024. These options have high gamma and vega, meaning they are sensitive to the stock's price movements and volatility. Therefore, you should monitor your positions closely and adjust them as needed based on market conditions and your risk tolerance.
- If you are bearish on PDD, you can buy put options with a strike price near or below $110.0, expiring in April 2024 or later, and with a high enough delta to capture a significant portion of the stock's decline. For example, you could buy the PDD Apr 2024 $105.00 PUT (PDD230415P105) for around $4.20 per contract, which would profit if PDD falls below $105 by April 2022. Alternatively, you could buy the PDD Apr 2024 $100.00 PUT (PDB339F230) for around $2.20 per contract, which would profit if PDD falls below $100 by April 2024. These options have high theta and vee