PDD Stock Before Earnings: ±7.6% Priced (PDD Holdings)

What happens to PDD stock before earnings? Two things are measurable: options currently price a ±7.6% move for the Aug 24, 2026 report (before market open) against a 10-year average move of about ±15.2%. That build-up in implied volatility is the IV rush — the pre-earnings pattern this page is about — and it collapses the moment the numbers are out (the IV crush), which is why buying calls or puts the night before is usually a bet against the odds unless the move beats what was priced. Below: what the IV rush is, how PDD's looks, and what holding through it has cost.

Options price

±7.6%

for Aug 24, 2026 · before market open

Avg move (10Y)

±15.2%

peak earnings-day move

Key facts · cite as EarningsWatcher, August 21, 2026

PDD options imply a ±7.6% move for PDD Holdings's Aug 24, 2026 earnings report (before market open), as of August 21, 2026.
An at-the-money PDD straddle bought at the last close before the May 22, 2024 report was worth -66% at 10:00 the next morning (IV crush).

Source: https://earnings-watcher.com/wiki/pdd-stock-before-earnings · refreshed daily from live options data · free to quote with attribution and a link.

PDD live implied move & 10Y history → · PDD stock after earnings → · Who is on the IV Rush Radar this week → · Who moves in sympathy this week → · How the IV rush trade works →

What holding PDD options through the print actually cost

The clearest way to see IV crush: an at-the-money straddle bought one minute before the last close before PDD Holdings's report, marked at 10:00 the next morning. Both legs together — so this is the premium lost even after the stock moved:

Report	ATM straddle, last close → 10am next day
May 22, 2024	-66%
Mar 20, 2024	-58%
Nov 28, 2023	+65%
Aug 29, 2023	+64%
May 26, 2023	+26%
May 27, 2022	-29%
Aug 24, 2021	+19%
May 26, 2021	-25%
Mar 17, 2021	+13%
Nov 12, 2020	+51%
May 22, 2020	-10%
Mar 11, 2020	-46%

Out-of-the-money strangles lost more. Members see every strike and the same figures for the reports the radar tracks.

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Frequently asked questions

Should I buy PDD before earnings?

That is a decision only you can make, and this page does not give advice. What the data says: options price a move of ±7.6% for the Aug 24, 2026 report, so a long call or put needs PDD Holdings to move more than that in the right direction to profit after IV crush.

Does PDD implied volatility go up before earnings?

Typically yes: implied volatility in the nearest expiration builds as the report approaches because the event's expected move is priced into that expiration, then collapses once results are out.

When does PDD IV peak before earnings?

At the last close before the report — the final session before the print carries the biggest step for most names, which is why an IV-rush trade is exited before that close and never held through the announcement.

What is PDD's implied move for the next earnings?

Options currently price about ±7.6% for Aug 24, 2026 (before market open); the 10-year average move is about ±15.2%.