What the Options Market Tells Us About Baidu

Financial giants have made a conspicuous bearish move on Baidu. Our analysis of options history for Baidu BIDU revealed 12 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $626,415, and 5 were calls, valued at $240,425.

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What's The Price Target?

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 $160.0 for Baidu during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Baidu's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Baidu's substantial trades, within a strike price spectrum from $95.0 to $160.0 over the preceding 30 days.

Baidu Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BIDU PUT TRADE BULLISH 08/16/24 $8.75 $8.55 $8.63 $105.00 $431.5K 515 500
BIDU CALL SWEEP BULLISH 01/17/25 $14.3 $13.95 $14.3 $110.00 $65.7K 940 55
BIDU CALL TRADE BEARISH 01/17/25 $14.4 $14.3 $14.3 $110.00 $47.1K 940 34
BIDU CALL TRADE NEUTRAL 08/16/24 $4.75 $4.65 $4.7 $120.00 $46.0K 485 102
BIDU PUT TRADE BEARISH 06/20/25 $56.5 $55.95 $56.5 $160.00 $45.2K 35 15

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.

Present Market Standing of Baidu

  • Currently trading with a volume of 1,241,294, the BIDU's price is up by 0.96%, now at $104.39.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 15 days.

Professional Analyst Ratings for Baidu

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $160.5.

  • Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Baidu with a target price of $176.
  • An analyst from HSBC persists with their Buy rating on Baidu, maintaining a target price of $145.

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.

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BIDUBaidu Inc
$86.030.21%

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Momentum
39.35
Growth
88.92
Quality
10.76
Value
95.30
Price Trend
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