Check Out What Whales Are Doing With BIDU

Investors with a lot of money to spend have taken a bearish 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 8 uncommon options trades for Baidu.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $412,150, and 2 are calls, for a total amount of $57,449.

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Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $115.0 for Baidu during the past quarter.

Insights into Volume & Open Interest

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 $95.0 to $115.0, over the past month.

Baidu 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BIDU PUT SWEEP BULLISH 09/20/24 $100.00 $151.3K 2.5K 200
BIDU PUT TRADE BULLISH 06/21/24 $105.00 $86.5K 2.1K 0
BIDU PUT SWEEP BEARISH 03/22/24 $109.00 $56.8K 72 0
BIDU PUT TRADE BEARISH 05/17/24 $100.00 $45.0K 5.1K 0
BIDU PUT SWEEP BEARISH 01/17/25 $110.00 $36.3K 1.1K 32

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.

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

  • Currently trading with a volume of 603,984, the BIDU's price is down by -0.57%, now at $104.17.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 56 days.

What The Experts Say On Baidu

In the last month, 1 experts released ratings on this stock with an average target price of $133.0.

  • Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Baidu, targeting a price of $133.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Baidu, Benzinga Pro gives you real-time options trades alerts.

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BIDUBaidu Inc
$85.24-0.71%

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