Investors with a lot of money to spend have taken a bullish stance on Baidu BIDU.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with BIDU, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 23 uncommon options trades for Baidu.
This isn’t normal.
The overall sentiment of these big-money traders is split between 73% bullish and 26%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $198,130, and 20 are calls, for a total amount of $1,341,042.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $150.0 for Baidu over the recent three months.
Volume & Open Interest Trends
In today’s trading context, the average open interest for options of Baidu stands at 1016.53, with a total volume reaching 6,793.00. 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 $75.0 to $150.0, throughout the last 30 days.
Baidu Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BIDU | CALL | TRADE | BULLISH | 09/20/24 | $100.00 | $232.4K | 354 | 13 |
| BIDU | CALL | SWEEP | BULLISH | 06/21/24 | $125.00 | $183.0K | 1.7K | 600 |
| BIDU | CALL | TRADE | BEARISH | 06/20/25 | $105.00 | $113.0K | 361 | 1 |
| BIDU | PUT | SWEEP | BULLISH | 05/17/24 | $120.00 | $105.2K | 109 | 63 |
| BIDU | CALL | SWEEP | BULLISH | 07/19/24 | $105.00 | $97.0K | 98 | 7 |
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.
In light of the recent options history for Baidu, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Baidu’s Current Market Status
- Currently trading with a volume of 2,124,228, the BIDU’s price is up by 1.79%, now at $103.1.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 63 days.
Professional Analyst Ratings for Baidu
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $133.0.
- An analyst from Barclays persists with their Overweight rating on Baidu, maintaining a target price of $133.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Baidu options trades with real-time alerts from Benzinga Pro.
