Financial giants have made a conspicuous bearish move on Baidu. Our analysis of options history for Baidu BIDU revealed 18 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $755,065, and 8 were calls, valued at $592,151.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $165.0 for Baidu over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Baidu's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Baidu's significant trades, within a strike price range of $75.0 to $165.0, over the past month.
Baidu Call and Put Volume: 30-Day Overview
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 | TRADE | BEARISH | 01/17/25 | $29.4 | $27.6 | $27.6 | $75.00 | $317.4K | 892 | 301 |
| BIDU | PUT | TRADE | BEARISH | 01/16/26 | $9.1 | $8.1 | $8.8 | $75.00 | $180.4K | 46 | 5 |
| BIDU | PUT | TRADE | BULLISH | 07/19/24 | $45.65 | $44.4 | $44.9 | $140.00 | $179.6K | 1 | 54 |
| BIDU | PUT | TRADE | BULLISH | 06/20/25 | $20.2 | $19.75 | $19.9 | $105.00 | $149.2K | 435 | 0 |
| BIDU | CALL | TRADE | BEARISH | 08/16/24 | $1.11 | $1.06 | $1.06 | $135.00 | $106.0K | 1.5K | 1.0K |
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.
Present Market Standing of Baidu
- Trading volume stands at 3,286,505, with BIDU's price down by -0.11%, positioned at $96.1.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 30 days.
Professional Analyst Ratings for Baidu
1 market experts have recently issued ratings for this stock, with a consensus target price of $176.0.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Baidu with a target price of $176.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
