I bought to open 250 $PDD 5/09 $105 Puts. I believe PinDuoDuo will decline this week for several reasons:
* There will not be a reinstatement of the *de minimis* exemption for imports under $800.00
* TEMU has stopped shipping from China to the USA
* TEMU has sales on their US Marketplace fullfilled by USA sellers. Where will these US sellers originate their product?
* Postal shipments from China and Hong Kong via USPS are subject to $100 flat fee or 120% of the item's value, whichever is higher
* Postal shipments from China and Hong Kong via UPS, FEDEX, or a third party are subject to tariffs 145% of the item's value
TLDR;
PinDuoDuo (PDD) will decline this week to below $105.00 a share. Puts on PDD.
