Looking At Baidu's Recent Unusual Options Activity

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 13 strange 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 61% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $666,525 and 7, calls, for a total amount of $262,352.

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 $100.0 to $145.0 for Baidu over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Baidu options trades today is 677.8 with a total volume of 1,675.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Baidu's big money trades within a strike price range of $100.0 to $145.0 over the last 30 days.

Baidu Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BIDU PUT SWEEP NEUTRAL 09/15/23 $115.00 $300.1K 575 343
BIDU PUT TRADE NEUTRAL 07/21/23 $110.00 $134.0K 511 554
BIDU PUT SWEEP BEARISH 12/15/23 $100.00 $97.5K 298 0
BIDU PUT TRADE BULLISH 01/19/24 $130.00 $62.8K 2.5K 1
BIDU CALL SWEEP BULLISH 09/15/23 $125.00 $59.2K 696 102

Where Is Baidu Standing Right Now?

  • With a volume of 1,554,899, the price of BIDU is down -1.55% at $121.7.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 90 days.

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.

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Posted In: OptionsMarketsBZI-UOA
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