A whale with a lot of money to spend has taken a noticeably bearish stance on Baidu.
Looking at options history for Baidu BIDU we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $88,190 and 13, calls, for a total amount of $675,805.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $135.0 for Baidu over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Baidu options trades today is 801.0 with a total volume of 2,311.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Baidu's big money trades within a strike price range of $115.0 to $135.0 over the last 30 days.
Baidu Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BIDU | CALL | TRADE | BEARISH | 12/15/23 | $135.00 | $80.6K | 18 | 66 |
| BIDU | CALL | TRADE | BULLISH | 12/15/23 | $135.00 | $78.3K | 18 | 325 |
| BIDU | CALL | TRADE | BULLISH | 12/15/23 | $135.00 | $74.9K | 18 | 267 |
| BIDU | CALL | SWEEP | NEUTRAL | 06/02/23 | $125.00 | $65.7K | 414 | 49 |
| BIDU | CALL | TRADE | NEUTRAL | 06/16/23 | $115.00 | $51.5K | 298 | 50 |
Where Is Baidu Standing Right Now?
- With a volume of 399,552, the price of BIDU is up 2.7% at $122.11.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 5 days.
What The Experts Say On Baidu:
- HSBC has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $165.
- Citigroup has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $186.
- Mizuho has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $170.
- UBS has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $180.
- Bernstein upgraded its action to Outperform with a price target of $160
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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