This text is talking about a company called PDD Holdings and how some people are betting that its stock price will go down. They are doing this by buying something called "puts" which give them the right to sell the stock at a certain price. If the stock price goes down, they can make money from the difference. The text also mentions that some people are betting the opposite, that the stock price will go up, by buying something called "calls" which give them the right to buy the stock at a certain price. If the stock price goes up, they can make money from the difference. The text also gives some information about the company and its recent performance. Read from source...

-He focuses on the PDD Holdings'