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 13 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $314,599 and 7, calls, for a total amount of $815,230.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $120.0 for Baidu over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Baidu stands at 1735.78, with a total volume reaching 2,480.00. 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 $80.0 to $120.0, throughout the last 30 days.
Baidu 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BIDU | CALL | TRADE | NEUTRAL | 01/17/25 | $7.85 | $7.75 | $7.8 | $95.00 | $272.2K | 582 | 1.0K |
| BIDU | CALL | TRADE | BULLISH | 01/17/25 | $6.5 | $6.45 | $6.5 | $100.00 | $195.0K | 2.2K | 317 |
| BIDU | CALL | TRADE | NEUTRAL | 01/17/25 | $7.8 | $7.7 | $7.75 | $95.00 | $155.0K | 582 | 485 |
| BIDU | PUT | TRADE | BEARISH | 01/17/25 | $32.95 | $32.3 | $32.95 | $120.00 | $118.6K | 1.1K | 36 |
| BIDU | CALL | SWEEP | BULLISH | 01/17/25 | $7.8 | $7.75 | $7.8 | $95.00 | $110.7K | 582 | 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.
Following our analysis of the options activities associated with Baidu, we pivot to a closer look at the company's own performance.
Where Is Baidu Standing Right Now?
- With a trading volume of 1,406,049, the price of BIDU is up by 1.23%, reaching $88.87.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 27 days from now.
What Analysts Are Saying About Baidu
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $126.5.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Baidu, targeting a price of $128.
- An analyst from Barclays persists with their Overweight rating on Baidu, maintaining a target price of $125.
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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