Check Out What Whales Are Doing With BIDU

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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 14 uncommon options trades for Baidu.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 35%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $236,402, and 11 are calls, for a total amount of $563,833.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $115.0 for Baidu over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Baidu stands at 1234.62, with a total volume reaching 1,631.00. 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 $60.0 to $115.0, throughout the last 30 days.

Baidu 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BIDU CALL SWEEP BEARISH 02/21/25 $5.4 $5.3 $5.3 $80.00 $245.4K 1.2K 464
BIDU PUT SWEEP BULLISH 03/21/25 $18.95 $18.35 $18.75 $100.00 $140.6K 1.7K 75
BIDU PUT SWEEP BULLISH 03/21/25 $14.7 $14.5 $14.55 $95.00 $62.5K 2.2K 7
BIDU CALL SWEEP BULLISH 02/21/25 $3.7 $3.65 $3.7 $83.00 $37.0K 348 73
BIDU CALL SWEEP BULLISH 01/15/27 $34.15 $32.35 $33.23 $60.00 $33.2K 345 5

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.

Baidu's Current Market Status

  • With a volume of 515,442, the price of BIDU is down -0.92% at $82.24.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 26 days.

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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.

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