Calls bought on Baidu - Baidu (NASDAQ:BIDU)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Shares of Baidu Inc. (NASDAQ: BIDU), China’s favorite search engine, are climbing higher this morning to $73.49, up 2.90% on the session and call buyers are coming for options in the name right out of the gate. The most notable action is the May $80 call, which was bought nearly 3,000 times, exceeding open interest of 1,612 contracts. Action on the May $70, $74, and $75 call strikes is also showing bullishness buying. Baidu’s chart is technically flawless, with higher highs and higher lows. It is trading above both the 50-day and 200-day moving average. The stock is hitting a new 52-week high this morning as well.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!