Market Overview

New Data: Baidu Is Expected To Move 5% Post Earnings

Share:
Related BIDU
10 Industries That Could Be Impacted by Driverless Cars
A Different Way To Think About China ETFs

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that ahead of releasing its Q4 earnings, Baidu Inc (ADR) (NASDAQ: BIDU) is expected to make an approximate 5 percent move (up or down) based on implied volatility.

“Many think of Baidu as a very volatile stock, but its implied volatility is only at the 36th percentile,” which was relatively low in Kinahan’s view.

Kinahan added that options trading activity was higher on the monthly options rather than the weeklies. February $200 Puts were actively traded, and on the weekly options, the February $205 Puts were seeing the most action.

“It looks like a bit of downside being played,” Kinahan said. He noted that Put-buyers may also be owners of the stock looking for downside protection.

Heading into the earnings release, Baidu Inc (ADR) traded at $214.84, down 2.10 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Latest Ratings for BIDU

DateFirmActionFromTo
Apr 2017BenchmarkInitiates Coverage OnBuy
Mar 2017BarclaysInitiates Coverage OnEqual-Weight
Jan 2017BernsteinInitiates Coverage OnUnderperform

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: JJ Kinahan TD AmeritradeAnalyst Color Previews Exclusives Analyst Ratings Trading Ideas Interview

 

Related Articles (BIDU)

View Comments and Join the Discussion!