Whales with a lot of money to spend have taken a noticeably bullish stance on Baidu.
Looking at options history for Baidu BIDU we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $66,860 and 12, calls, for a total amount of $479,814.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $180.0 for Baidu, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Baidu stands at 1131.82, with a total volume reaching 1,818.00. 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 $100.0 to $180.0, throughout the last 30 days.
Baidu Option Volume And Open Interest Over Last 30 Days
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 | SWEEP | BEARISH | 01/16/26 | $10.65 | $10.35 | $10.36 | $180.00 | $77.7K | 265 | 125 |
| BIDU | CALL | SWEEP | BULLISH | 09/20/24 | $2.57 | $2.28 | $2.57 | $155.00 | $64.2K | 565 | 250 |
| BIDU | CALL | SWEEP | BEARISH | 01/16/26 | $10.6 | $10.35 | $10.36 | $180.00 | $51.8K | 265 | 50 |
| BIDU | CALL | SWEEP | BULLISH | 04/19/24 | $10.0 | $9.95 | $10.0 | $100.00 | $50.0K | 1.4K | 57 |
| BIDU | PUT | TRADE | BEARISH | 06/21/24 | $5.95 | $5.85 | $5.95 | $105.00 | $35.7K | 2.3K | 67 |
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.
Following our analysis of the options activities associated with Baidu, we pivot to a closer look at the company's own performance.
Baidu's Current Market Status
- With a trading volume of 986,784, the price of BIDU is up by 0.41%, reaching $108.76.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 40 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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