Financial giants have made a conspicuous bullish move on Baidu. Our analysis of options history for Baidu BIDU revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $95,392, and 6 were calls, valued at $270,833.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $100.0 for Baidu over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Baidu stands at 2282.0, with a total volume reaching 2,455.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Baidu, situated within the strike price corridor from $50.0 to $100.0, throughout the last 30 days.
Baidu Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BIDU | CALL | TRADE | BULLISH | 01/17/25 | $17.2 | $16.5 | $16.92 | $70.00 | $84.6K | 1.1K | 51 |
| BIDU | CALL | SWEEP | BEARISH | 01/15/27 | $22.25 | $21.55 | $21.55 | $90.00 | $53.8K | 565 | 53 |
| BIDU | CALL | TRADE | BULLISH | 12/18/26 | $45.5 | $42.5 | $44.56 | $50.00 | $44.5K | 67 | 10 |
| BIDU | PUT | TRADE | BULLISH | 01/17/25 | $14.4 | $14.1 | $14.2 | $100.00 | $42.6K | 2.1K | 56 |
| BIDU | CALL | TRADE | BULLISH | 01/15/27 | $22.5 | $21.6 | $22.14 | $90.00 | $33.2K | 565 | 20 |
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.
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.
Present Market Standing of Baidu
- With a volume of 1,940,843, the price of BIDU is down -2.33% at $86.29.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 69 days.
Expert Opinions on Baidu
In the last month, 3 experts released ratings on this stock with an average target price of $118.66666666666667.
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 Susquehanna downgraded its action to Neutral with a price target of $85. * An analyst from Benchmark has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $130. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Baidu, targeting a price of $141.
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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