PDD · PDD Holdings Inc.

Track PDD — free Ask ALVIS about PDD

$82.71 -0.59 (-0.71%) At close · Jul 24

Market Cap

$117.66B

1.42B

Options Chain

15-min delayed Underlying $82.71 · today Options Calculator

Positioning

Jul 31, 2026 · 5 days to expiry · 82 contracts

Put / call OI

0.57

Call-heavy positioning

Open interest

25,901

contracts outstanding

Volume

3,142

traded today

Max pain

$84.00

$1.29 above spot

ATM implied vol

36.9%

market's expected move

Open interest by strike · near the money

Calls Puts

83.5

100

105

110

115

120

125

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Jul 31 5d Aug 7 12d Aug 14 19d Aug 21 26d Aug 28 33d Sep 4 40d Sep 18 54d Oct 16 82d Nov 20 117d Dec 18 145d Jan 15 173d Mar 19 236d Jun 17 326d Jan 21 544d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
85	65	139.5%	0.935	$10.35		$0.29	-0.024	104.5%	1	178
Call · $65 In the money Last $10.35 Breakeven $75.35 Implied vol 139.5% Delta 0.935 ≈93% ITM Gamma 0.009 Theta -0.172 Vega 0.016 Open interest 85 Model this call Put · $65 Last $0.29 Breakeven $64.71 Implied vol 104.5% Delta -0.024 ≈2% ITM Gamma 0.005 Theta -0.055 Vega 0.005 Open interest 178 Model this put
0	—	122.9%	0.945	—		—	-0.021	94.6%	—	0
Call · $66 In the money Last — Breakeven — Implied vol 122.9% Delta 0.945 ≈94% ITM Gamma 0.009 Theta -0.135 Vega 0.009 Open interest 0 Model this call Put · $66 Last — Breakeven — Implied vol 94.6% Delta -0.021 ≈2% ITM Gamma 0.005 Theta -0.045 Vega 0.005 Open interest 0 Model this put
0	—	84.7%	0.982	—		—	-0.023	89.4%	—	0
Call · $67 In the money Last — Breakeven — Implied vol 84.7% Delta 0.982 ≈98% ITM Gamma 0.005 Theta -0.041 Vega 0.005 Open interest 0 Model this call Put · $67 Last — Breakeven — Implied vol 89.4% Delta -0.023 ≈2% ITM Gamma 0.006 Theta -0.044 Vega 0.005 Open interest 0 Model this put
86	86	109.9%	0.939	$9.96		$0.15	-0.015	76.5%	1	132
Call · $68 In the money Last $9.96 Breakeven $77.96 Implied vol 109.9% Delta 0.939 ≈94% ITM Gamma 0.011 Theta -0.131 Vega 0.016 Open interest 86 Model this call Put · $68 Last $0.15 Breakeven $67.85 Implied vol 76.5% Delta -0.015 ≈2% ITM Gamma 0.005 Theta -0.027 Vega 0.005 Open interest 132 Model this put
0	—	74.2%	0.98	—		$0.22	-0.018	72.5%	1	10
Call · $69 In the money Last — Breakeven — Implied vol 74.2% Delta 0.98 ≈98% ITM Gamma 0.006 Theta -0.04 Vega 0.005 Open interest 0 Model this call Put · $69 Last $0.22 Breakeven $68.78 Implied vol 72.5% Delta -0.018 ≈2% ITM Gamma 0.006 Theta -0.029 Vega 0.005 Open interest 10 Model this put
108	5	74.4%	0.972	$14.00		$0.02	-0.064	94.4%	2	556
Call · $70 In the money Last $14.00 Breakeven $84.00 Implied vol 74.4% Delta 0.972 ≈97% ITM Gamma 0.009 Theta -0.051 Vega 0.009 Open interest 108 Model this call Put · $70 Last $0.02 Breakeven $69.98 Implied vol 94.4% Delta -0.064 ≈6% ITM Gamma 0.013 Theta -0.111 Vega 0.016 Open interest 556 Model this put
0	—	71.3%	0.965	—		$0.07	-0.057	82.2%	20	51
Call · $71 In the money Last — Breakeven — Implied vol 71.3% Delta 0.965 ≈96% ITM Gamma 0.011 Theta -0.059 Vega 0.009 Open interest 0 Model this call Put · $71 Last $0.07 Breakeven $70.93 Implied vol 82.2% Delta -0.057 ≈6% ITM Gamma 0.014 Theta -0.088 Vega 0.009 Open interest 51 Model this put
29	40	63%	0.969	$11.00		$0.05	-0.022	57.7%	4	9
Call · $72 In the money Last $11.00 Breakeven $83.00 Implied vol 63% Delta 0.969 ≈97% ITM Gamma 0.011 Theta -0.049 Vega 0.009 Open interest 29 Model this call Put · $72 Last $0.05 Breakeven $71.95 Implied vol 57.7% Delta -0.022 ≈2% ITM Gamma 0.009 Theta -0.028 Vega 0.005 Open interest 9 Model this put
1	1	60%	0.959	$12.60		$0.10	-0.037	58.4%	1	21
Call · $73 In the money Last $12.60 Breakeven $85.60 Implied vol 60% Delta 0.959 ≈96% ITM Gamma 0.015 Theta -0.056 Vega 0.01 Open interest 1 Model this call Put · $73 Last $0.10 Breakeven $72.90 Implied vol 58.4% Delta -0.037 ≈4% ITM Gamma 0.014 Theta -0.043 Vega 0.01 Open interest 21 Model this put
73	2	49.3%	0.972	$13.00		$0.13	-0.041	53.5%	2	50
Call · $74 In the money Last $13.00 Breakeven $87.00 Implied vol 49.3% Delta 0.972 ≈97% ITM Gamma 0.013 Theta -0.037 Vega 0.005 Open interest 73 Model this call Put · $74 Last $0.13 Breakeven $73.87 Implied vol 53.5% Delta -0.041 ≈4% ITM Gamma 0.017 Theta -0.044 Vega 0.01 Open interest 50 Model this put
52	49	72.1%	0.878	$4.35		$0.05	-0.049	49.1%	1	236
Call · $75 In the money Last $4.35 Breakeven $79.35 Implied vol 72.1% Delta 0.878 ≈88% ITM Gamma 0.029 Theta -0.145 Vega 0.017 Open interest 52 Model this call Put · $75 Last $0.05 Breakeven $74.95 Implied vol 49.1% Delta -0.049 ≈5% ITM Gamma 0.021 Theta -0.046 Vega 0.01 Open interest 236 Model this put
10	1	65.5%	0.863	$10.55		$0.13	-0.074	48.9%	3	362
Call · $76 In the money Last $10.55 Breakeven $86.55 Implied vol 65.5% Delta 0.863 ≈86% ITM Gamma 0.034 Theta -0.141 Vega 0.025 Open interest 10 Model this call Put · $76 Last $0.13 Breakeven $75.87 Implied vol 48.9% Delta -0.074 ≈7% ITM Gamma 0.029 Theta -0.064 Vega 0.017 Open interest 362 Model this put
1.1k	1	56.1%	0.858	$6.08		$0.15	-0.075	41.3%	137	517
Call · $77 In the money Last $6.08 Breakeven $83.08 Implied vol 56.1% Delta 0.858 ≈86% ITM Gamma 0.04 Theta -0.125 Vega 0.025 Open interest 1.1k Model this call Put · $77 Last $0.15 Breakeven $76.85 Implied vol 41.3% Delta -0.075 ≈8% ITM Gamma 0.034 Theta -0.054 Vega 0.017 Open interest 517 Model this put
157	12	41.6%	0.88	$5.09		$0.20	-0.123	42.3%	14	413
Call · $78 In the money Last $5.09 Breakeven $83.09 Implied vol 41.6% Delta 0.88 ≈88% ITM Gamma 0.049 Theta -0.085 Vega 0.017 Open interest 157 Model this call Put · $78 Last $0.20 Breakeven $77.80 Implied vol 42.3% Delta -0.123 ≈12% ITM Gamma 0.049 Theta -0.081 Vega 0.017 Open interest 413 Model this put
4	2	40.2%	0.826	$4.00		$0.33	-0.158	37.6%	4	144
Call · $79 In the money Last $4.00 Breakeven $83.00 Implied vol 40.2% Delta 0.826 ≈83% ITM Gamma 0.064 Theta -0.103 Vega 0.026 Open interest 4 Model this call Put · $79 Last $0.33 Breakeven $78.67 Implied vol 37.6% Delta -0.158 ≈16% ITM Gamma 0.064 Theta -0.083 Vega 0.026 Open interest 144 Model this put
388	11	41.4%	0.748	$3.41		$0.51	-0.229	37.2%	192	738
Call · $80 In the money Last $3.41 Breakeven $83.41 Implied vol 41.4% Delta 0.748 ≈75% ITM Gamma 0.078 Theta -0.13 Vega 0.034 Open interest 388 Model this call Put · $80 Last $0.51 Breakeven $79.49 Implied vol 37.2% Delta -0.229 ≈23% ITM Gamma 0.083 Theta -0.105 Vega 0.034 Open interest 738 Model this put
27	7	40.7%	0.666	$3.45		$0.80	-0.318	36.1%	131	727
Call · $81 In the money Last $3.45 Breakeven $84.45 Implied vol 40.7% Delta 0.666 ≈67% ITM Gamma 0.091 Theta -0.146 Vega 0.034 Open interest 27 Model this call Put · $81 Last $0.80 Breakeven $80.20 Implied vol 36.1% Delta -0.318 ≈32% ITM Gamma 0.1 Theta -0.119 Vega 0.034 Open interest 727 Model this put
101	22	38.5%	0.573	$2.03		$1.16	-0.423	35.3%	49	602
Call · $82 In the money Last $2.03 Breakeven $84.03 Implied vol 38.5% Delta 0.573 ≈57% ITM Gamma 0.102 Theta -0.146 Vega 0.04 Open interest 101 Model this call Put · $82 Last $1.16 Breakeven $80.84 Implied vol 35.3% Delta -0.423 ≈42% ITM Gamma 0.111 Theta -0.126 Vega 0.04 Open interest 602 Model this put
Underlying $82.71
251	364	38.8%	0.471	$1.45		$1.60	-0.535	35%	86	1.3k
Call · $83 Last $1.45 Breakeven $84.45 Implied vol 38.8% Delta 0.471 ≈47% ITM Gamma 0.103 Theta -0.149 Vega 0.04 Open interest 251 Model this call Put · $83 In the money Last $1.60 Breakeven $81.40 Implied vol 35% Delta -0.535 ≈54% ITM Gamma 0.115 Theta -0.126 Vega 0.04 Open interest 1.3k Model this put
143	7	36.7%	0.415	$1.16		$1.89	-0.593	34.5%	20	147
Call · $83.5 Last $1.16 Breakeven $84.66 Implied vol 36.7% Delta 0.415 ≈42% ITM Gamma 0.107 Theta -0.138 Vega 0.04 Open interest 143 Model this call Put · $83.5 In the money Last $1.89 Breakeven $81.61 Implied vol 34.5% Delta -0.593 ≈59% ITM Gamma 0.114 Theta -0.121 Vega 0.04 Open interest 147 Model this put
290	254	38.1%	0.368	$0.98		$2.16	-0.646	35%	15	1.4k
Call · $84 Last $0.98 Breakeven $84.98 Implied vol 38.1% Delta 0.368 ≈37% ITM Gamma 0.101 Theta -0.14 Vega 0.035 Open interest 290 Model this call Put · $84 In the money Last $2.16 Breakeven $81.84 Implied vol 35% Delta -0.646 ≈65% ITM Gamma 0.108 Theta -0.119 Vega 0.035 Open interest 1.4k Model this put
4.2k	221	37.2%	0.273	$0.63		$2.95	-0.734	36.5%	54	258
Call · $85 Last $0.63 Breakeven $85.63 Implied vol 37.2% Delta 0.273 ≈27% ITM Gamma 0.09 Theta -0.118 Vega 0.036 Open interest 4.2k Model this call Put · $85 In the money Last $2.95 Breakeven $82.05 Implied vol 36.5% Delta -0.734 ≈73% ITM Gamma 0.091 Theta -0.107 Vega 0.035 Open interest 258 Model this put
1.2k	129	35.7%	0.184	$0.39		$3.68	-0.787	40.5%	42	1.2k
Call · $86 Last $0.39 Breakeven $86.39 Implied vol 35.7% Delta 0.184 ≈18% ITM Gamma 0.075 Theta -0.09 Vega 0.027 Open interest 1.2k Model this call Put · $86 In the money Last $3.68 Breakeven $82.32 Implied vol 40.5% Delta -0.787 ≈79% ITM Gamma 0.073 Theta -0.105 Vega 0.027 Open interest 1.2k Model this put
2.4k	47	39.6%	0.144	$0.29		$4.69	-0.882	35.7%	5	135
Call · $87 Last $0.29 Breakeven $87.29 Implied vol 39.6% Delta 0.144 ≈14% ITM Gamma 0.058 Theta -0.086 Vega 0.028 Open interest 2.4k Model this call Put · $87 In the money Last $4.69 Breakeven $82.31 Implied vol 35.7% Delta -0.882 ≈88% ITM Gamma 0.057 Theta -0.061 Vega 0.018 Open interest 135 Model this put
579	33	40.6%	0.105	$0.15		$4.90	—	—	1	12
Call · $88 Last $0.15 Breakeven $88.15 Implied vol 40.6% Delta 0.105 ≈11% ITM Gamma 0.045 Theta -0.07 Vega 0.019 Open interest 579 Model this call Put · $88 In the money Last $4.90 Breakeven $83.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 12 Model this put
248	11	37.9%	0.055	$0.10		$4.70	—	—	20	38
Call · $89 Last $0.10 Breakeven $89.10 Implied vol 37.9% Delta 0.055 ≈6% ITM Gamma 0.029 Theta -0.04 Vega 0.011 Open interest 248 Model this call Put · $89 In the money Last $4.70 Breakeven $84.30 Implied vol — Delta — Gamma — Theta — Vega — Open interest 38 Model this put
1.2k	45	49.6%	0.08	$0.08		$7.55	—	—	112	148
Call · $90 Last $0.08 Breakeven $90.08 Implied vol 49.6% Delta 0.08 ≈8% ITM Gamma 0.03 Theta -0.07 Vega 0.019 Open interest 1.2k Model this call Put · $90 In the money Last $7.55 Breakeven $82.45 Implied vol — Delta — Gamma — Theta — Vega — Open interest 148 Model this put
548	16	43.9%	0.035	$0.04		—	—	—	—	0
Call · $91 Last $0.04 Breakeven $91.04 Implied vol 43.9% Delta 0.035 ≈3% ITM Gamma 0.018 Theta -0.032 Vega 0.011 Open interest 548 Model this call Put · $91 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
659	210	58.7%	0.068	$0.04		—	—	—	—	0
Call · $92 Last $0.04 Breakeven $92.04 Implied vol 58.7% Delta 0.068 ≈7% ITM Gamma 0.023 Theta -0.073 Vega 0.011 Open interest 659 Model this call Put · $92 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
473	42	68.8%	0.082	$0.03		—	—	—	—	0
Call · $93 Last $0.03 Breakeven $93.03 Implied vol 68.8% Delta 0.082 ≈8% ITM Gamma 0.022 Theta -0.099 Vega 0.019 Open interest 473 Model this call Put · $93 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
249	10	58.5%	0.035	$0.24		$9.75	—	—	19	0
Call · $94 Last $0.24 Breakeven $94.24 Implied vol 58.5% Delta 0.035 ≈3% ITM Gamma 0.013 Theta -0.043 Vega 0.011 Open interest 249 Model this call Put · $94 In the money Last $9.75 Breakeven $84.25 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1.1k	251	50.6%	0.011	$0.03		$14.06	—	—	2	0
Call · $95 Last $0.03 Breakeven $95.03 Implied vol 50.6% Delta 0.011 ≈1% ITM Gamma 0.006 Theta -0.014 Vega 0.002 Open interest 1.1k Model this call Put · $95 In the money Last $14.06 Breakeven $80.94 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
6	25	59.7%	0.02	$0.08		—	—	—	—	0
Call · $96 Last $0.08 Breakeven $96.08 Implied vol 59.7% Delta 0.02 ≈2% ITM Gamma 0.008 Theta -0.027 Vega 0.006 Open interest 6 Model this call Put · $96 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
10	10	75.3%	0.043	$0.25		—	—	—	—	0
Call · $97 Last $0.25 Breakeven $97.25 Implied vol 75.3% Delta 0.043 ≈4% ITM Gamma 0.012 Theta -0.064 Vega 0.011 Open interest 10 Model this call Put · $97 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
60	60	132.9%	0.162	$0.01		—	—	—	—	0
Call · $98 Last $0.01 Breakeven $98.01 Implied vol 132.9% Delta 0.162 ≈16% ITM Gamma 0.019 Theta -0.308 Vega 0.029 Open interest 60 Model this call Put · $98 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
198	1	72.7%	0.015	$0.13		—	—	—	—	0
Call · $100 Last $0.13 Breakeven $100.13 Implied vol 72.7% Delta 0.015 ≈2% ITM Gamma 0.005 Theta -0.026 Vega 0.006 Open interest 198 Model this call Put · $100 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
153	150	117.1%	0.053	$0.01		—	—	—	—	0
Call · $105 Last $0.01 Breakeven $105.01 Implied vol 117.1% Delta 0.053 ≈5% ITM Gamma 0.009 Theta -0.117 Vega 0.012 Open interest 153 Model this call Put · $105 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
8	1	135.9%	0.048	$0.06		—	—	—	—	0
Call · $110 Last $0.06 Breakeven $110.06 Implied vol 135.9% Delta 0.048 ≈5% ITM Gamma 0.007 Theta -0.127 Vega 0.012 Open interest 8 Model this call Put · $110 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $115 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $115 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
216	12	220.4%	0.102	$0.05		—	—	—	—	0
Call · $120 Last $0.05 Breakeven $120.05 Implied vol 220.4% Delta 0.102 ≈10% ITM Gamma 0.008 Theta -0.368 Vega 0.021 Open interest 216 Model this call Put · $120 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $125 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $125 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 41" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1737806 CUSIP 722304102 13F (30d) 83 filings 82 filers Visit website Investor relations