Investors with a lot of money to spend have taken a bearish 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 96 uncommon options trades for Baidu.
This isn't normal.
The overall sentiment of these big-money traders is split between 16% bullish and 79%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $554,851, and 91 are calls, for a total amount of $3,858,668.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $150.0 for Baidu, spanning the last three months.
Analyzing Volume & Open Interest
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 $50.0 to $150.0 in the last 30 days.
Baidu 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BIDU | PUT | SWEEP | BULLISH | 10/25/24 | $20.15 | $19.65 | $20.0 | $115.00 | $200.0K | 1 | 100 |
| BIDU | PUT | TRADE | BEARISH | 10/18/24 | $16.35 | $15.85 | $16.35 | $111.00 | $163.5K | 115 | 100 |
| BIDU | CALL | SWEEP | BEARISH | 06/20/25 | $26.05 | $26.0 | $26.0 | $75.00 | $104.0K | 5.7K | 1.7K |
| BIDU | CALL | SWEEP | BEARISH | 06/20/25 | $25.85 | $25.8 | $25.8 | $75.00 | $103.2K | 5.7K | 1.2K |
| BIDU | PUT | TRADE | NEUTRAL | 03/21/25 | $56.95 | $54.45 | $55.7 | $150.00 | $94.6K | 15 | 17 |
About Baidu
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. 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.
Baidu's Current Market Status
- With a volume of 2,423,358, the price of BIDU is up 2.67% at $94.57.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 32 days.
Expert Opinions on Baidu
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $100.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from HSBC downgraded its action to Hold with a price target of $100.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Baidu with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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