Financial giants have made a conspicuous bearish move on Baidu. Our analysis of options history for Baidu BIDU revealed 22 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $130,412, and 18 were calls, valued at $687,385.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $120.0 for Baidu, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Baidu's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Baidu's whale activity within a strike price range from $50.0 to $120.0 in the last 30 days.
Baidu Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BIDU | CALL | TRADE | NEUTRAL | 12/20/24 | $3.35 | $3.25 | $3.3 | $100.00 | $59.7K | 6.3K | 233 |
| BIDU | CALL | SWEEP | BULLISH | 01/17/25 | $4.65 | $4.55 | $4.65 | $100.00 | $46.5K | 5.5K | 585 |
| BIDU | CALL | TRADE | BULLISH | 01/17/25 | $4.65 | $4.6 | $4.65 | $100.00 | $46.5K | 5.5K | 185 |
| BIDU | CALL | SWEEP | BEARISH | 01/17/25 | $4.9 | $4.6 | $4.62 | $100.00 | $46.0K | 5.5K | 685 |
| BIDU | CALL | SWEEP | BEARISH | 01/17/25 | $4.7 | $4.55 | $4.6 | $100.00 | $45.9K | 5.5K | 1.1K |
About Baidu
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
Following our analysis of the options activities associated with Baidu, we pivot to a closer look at the company's own performance.
Present Market Standing of Baidu
- With a trading volume of 1,852,669, the price of BIDU is up by 1.7%, reaching $92.0.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 16 days from now.
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Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Baidu, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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