Investors with a lot of money to spend have taken a bullish stance on Baidu BIDU.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BIDU, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Baidu.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 21%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $159,700, and 16 are calls, for a total amount of $1,511,004.
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 $60.0 to $165.0 for Baidu during the past quarter.
Volume & Open Interest Development
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 $60.0 to $165.0 in the last 30 days.
Baidu 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BIDU | CALL | SWEEP | BULLISH | 09/20/24 | $12.35 | $12.1 | $12.3 | $80.00 | $367.7K | 1.3K | 212 |
| BIDU | CALL | TRADE | NEUTRAL | 12/20/24 | $32.7 | $31.05 | $31.95 | $60.00 | $156.5K | 0 | 0 |
| BIDU | CALL | TRADE | BULLISH | 09/20/24 | $12.25 | $12.05 | $12.18 | $80.00 | $121.8K | 1.3K | 659 |
| BIDU | CALL | TRADE | BULLISH | 09/20/24 | $12.25 | $12.0 | $12.16 | $80.00 | $121.6K | 1.3K | 759 |
| BIDU | CALL | SWEEP | NEUTRAL | 09/20/24 | $12.25 | $12.05 | $12.13 | $80.00 | $117.7K | 1.3K | 759 |
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.
Following our analysis of the options activities associated with Baidu, we pivot to a closer look at the company's own performance.
Where Is Baidu Standing Right Now?
- With a trading volume of 1,363,551, the price of BIDU is up by 0.1%, reaching $88.68.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 57 days from now.
What The Experts Say On Baidu
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.0.
- Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Baidu with a target price of $130.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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