Financial giants have made a conspicuous bearish move on Baidu. Our analysis of options history for Baidu BIDU revealed 27 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $949,558, and 20 were calls, valued at $1,078,793.
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 $55.0 to $145.0 for Baidu during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Baidu's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Baidu's whale trades within a strike price range from $55.0 to $145.0 in the last 30 days.
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 | PUT | TRADE | BULLISH | 03/21/25 | $9.35 | $9.05 | $9.15 | $90.00 | $320.2K | 160 | 0 |
| BIDU | PUT | TRADE | BULLISH | 09/20/24 | $3.75 | $3.65 | $3.55 | $85.00 | $266.2K | 294 | 0 |
| BIDU | PUT | TRADE | BULLISH | 05/17/24 | $3.8 | $3.7 | $3.7 | $100.00 | $185.0K | 5.5K | 3 |
| BIDU | CALL | SWEEP | NEUTRAL | 09/20/24 | $11.0 | $10.85 | $11.0 | $105.00 | $110.0K | 733 | 4 |
| BIDU | CALL | TRADE | BEARISH | 04/19/24 | $2.23 | $2.15 | $2.15 | $105.00 | $107.5K | 2.7K | 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.
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.
Baidu's Current Market Status
- With a trading volume of 2,811,254, the price of BIDU is down by -1.83%, reaching $101.61.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 34 days from now.
Professional Analyst Ratings for Baidu
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $176.0.
- An analyst from Citigroup has decided to maintain their Buy rating on Baidu, which currently sits at a price target 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 |
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