Financial giants have made a conspicuous bullish move on Baidu. Our analysis of options history for Baidu BIDU revealed 20 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 14 were puts, with a value of $832,114, and 6 were calls, valued at $256,251.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $165.0 for Baidu, spanning the last three months.
Volume & Open Interest Trends
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 $115.0 to $165.0 in the last 30 days.
Baidu 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BIDU | PUT | TRADE | BULLISH | 01/19/24 | $165.00 | $246.2K | 160 | 419 |
| BIDU | CALL | TRADE | BEARISH | 12/15/23 | $115.00 | $82.5K | 1.5K | 95 |
| BIDU | PUT | TRADE | BULLISH | 01/17/25 | $145.00 | $78.1K | 707 | 37 |
| BIDU | PUT | TRADE | BULLISH | 01/17/25 | $145.00 | $67.4K | 707 | 19 |
| BIDU | PUT | TRADE | BULLISH | 01/17/25 | $145.00 | $63.9K | 707 | 37 |
About Baidu
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. 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.
In light of the recent options history for Baidu, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Baidu Standing Right Now?
- With a trading volume of 1,305,850, the price of BIDU is up by 1.71%, reaching $115.49.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 77 days from now.
What The Experts Say On Baidu
4 market experts have recently issued ratings for this stock, with a consensus target price of $169.75.
- In a positive move, an analyst from Nomura Instinet has upgraded their rating to Buy and adjusted the price target to $145.
- An analyst from Susquehanna persists with their Positive rating on Baidu, maintaining a target price of $150.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Baidu with a target price of $174.
- An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $210.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Baidu options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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