Baidu Whale Trades For September 08

Baidu Whale Trades For September 08

A whale with a lot of money to spend has taken a noticeably bearish stance on Baidu.

Looking at options history for Baidu BIDU we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $302,307 and 5, calls, for a total amount of $230,140.

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 $105.0 to $175.0 for Baidu over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $105.0 to $175.0 in the last 30 days.

Baidu Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BIDU CALL TRADE BULLISH 09/16/22 $138.00 $76.5K 393 300
BIDU PUT TRADE BEARISH 09/16/22 $134.00 $75.4K 483 446
BIDU PUT TRADE BEARISH 09/16/22 $131.00 $73.1K 552 692
BIDU CALL SWEEP BEARISH 10/21/22 $135.00 $55.0K 656 59
BIDU CALL SWEEP BEARISH 01/20/23 $130.00 $46.8K 3.0K 1

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BIDU CALL TRADE BULLISH 09/16/22 $138.00 $76.5K 393 300
BIDU PUT TRADE BEARISH 09/16/22 $134.00 $75.4K 483 446
BIDU PUT TRADE BEARISH 09/16/22 $131.00 $73.1K 552 692
BIDU CALL SWEEP BEARISH 10/21/22 $135.00 $55.0K 656 59
BIDU CALL SWEEP BEARISH 01/20/23 $130.00 $46.8K 3.0K 1

Where Is Baidu Standing Right Now?

  • With a volume of 1,118,441, the price of BIDU is down -1.74% at $134.86.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 69 days.

What The Experts Say On Baidu:

  • Citigroup has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $204.
  • Macquarie downgraded its action to Outperform with a price target of $188
  • JP Morgan upgraded its action to Overweight with a price target of $200

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.

Posted In: BZI-UOAOptionsMarkets