Whales with a lot of money to spend have taken a noticeably bearish stance on Baidu.
Looking at options history for Baidu BIDU we detected 12 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, 8 are puts, for a total amount of $289,235 and 4, calls, for a total amount of $262,900.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $120.0 for Baidu during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $95.0 to $120.0 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 | CALL | SWEEP | BULLISH | 03/15/24 | $105.00 | $159.8K | 1.9K | 347 |
| BIDU | PUT | SWEEP | BEARISH | 03/15/24 | $120.00 | $91.0K | 761 | 50 |
| BIDU | CALL | SWEEP | NEUTRAL | 03/15/24 | $110.00 | $38.5K | 4.0K | 120 |
| BIDU | CALL | TRADE | BULLISH | 03/01/24 | $106.00 | $37.3K | 23 | 91 |
| BIDU | PUT | TRADE | BEARISH | 01/17/25 | $95.00 | $33.7K | 464 | 0 |
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.
After a thorough review of the options trading surrounding Baidu, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Baidu's Current Market Status
- Trading volume stands at 624,742, with BIDU's price down by -0.31%, positioned at $102.47.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 16 days.
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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