Deep-pocketed investors have adopted a bearish approach towards Baidu BIDU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BIDU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Baidu. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 5 are puts, totaling $207,230, and 17 are calls, amounting to $707,736.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $150.0 for Baidu during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Baidu's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Baidu's substantial trades, within a strike price spectrum from $85.0 to $150.0 over the preceding 30 days.
Baidu Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BIDU | PUT | SWEEP | BEARISH | 01/17/25 | $130.00 | $77.2K | 470 | 38 |
| BIDU | CALL | SWEEP | BEARISH | 01/19/24 | $115.00 | $71.9K | 7.2K | 344 |
| BIDU | CALL | SWEEP | BEARISH | 01/17/25 | $140.00 | $65.5K | 644 | 80 |
| BIDU | CALL | TRADE | BULLISH | 06/21/24 | $150.00 | $63.8K | 955 | 12 |
| BIDU | CALL | SWEEP | BULLISH | 02/16/24 | $120.00 | $54.5K | 1.9K | 311 |
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.
Having examined the options trading patterns of Baidu, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Baidu Standing Right Now?
- With a trading volume of 1,896,168, the price of BIDU is down by -1.24%, reaching $113.91.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 49 days from now.
Professional Analyst Ratings for Baidu
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $210.0.
- An analyst from Benchmark downgraded its action to Buy with a price target of $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.
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