Baidu Unusual Options Activity For January 30

Baidu, Inc. Sponsored ADR Class A -3.43%

Baidu, Inc. Sponsored ADR Class A




Deep-pocketed investors have adopted a bullish approach towards Baidu (NASDAQ:BIDU), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BIDU usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Baidu. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 5 are puts, totaling $385,887, and 4 are calls, amounting to $158,728.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $125.0 for Baidu during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Baidu's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Baidu's significant trades, within a strike price range of $90.0 to $125.0, over the past month.

Baidu 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BIDU PUT TRADE BEARISH 09/20/24 $90.00 $189.9K 478 301
BIDU PUT SWEEP BEARISH 06/21/24 $115.00 $65.3K 1.2K 60
BIDU PUT TRADE BULLISH 03/15/24 $105.00 $48.5K 4.5K 178
BIDU CALL TRADE BULLISH 03/15/24 $110.00 $48.4K 3.5K 137
BIDU PUT SWEEP BULLISH 03/15/24 $100.00 $46.5K 3.5K 147

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.

Having examined the options trading patterns of Baidu, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Baidu Standing Right Now?

  • With a volume of 1,710,810, the price of BIDU is down -2.32% at $105.26.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 22 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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