March 27th Options for PDD Holdings Now Available

New options for PDD Holdings Inc. became available on March 27th. The put contract at $91.00 strike price has a current bid of $1.35, while the call contract at $105.00 strike price has a current bid of $4.20. Investors can sell-to-open put contracts to collect premium, reducing the cost basis of shares, or purchase call contracts to potentially receive a total return of 6.86% if the stock gets called away. The options' odds of expiring worthless are 79% for the put contract and are not provided for the call contract.