Exploring Options Trading Trends and Market Status of Baidu (NASDAQ:BIDU) Deciphering the Behemoth Moves in BIDU – Baidu (NASDAQ:BIDU)

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By Ronald Tech

Financial giants have taken a noticeable bearish stance on Baidu. A detailed examination of the options history for Baidu (BIDU) has unearthed 27 peculiar trades.

Digging into the specifics, our analysis reveals that 40% of traders showcased a bullish sentiment, while 59% leaned towards bearish tendencies. Among the trades that caught our eye, 7 were puts amounting to $949,558, and 20 were calls valued at $1,078,793.

Anticipated Price Spectrum

By scrutinizing the Volume and Open Interest in these contracts, it is evident that major players have been eyeing a price corridor ranging from $55.0 to $145.0 for Baidu over the past quarter.

Patterns in Volume & Open Interest

Closely monitoring the volume and open interest is a strategic move when engaging in options trading. This data serves as a barometer for tracking the liquidity and interest in Baidu’s options within a given strike price. Here’s a snapshot of the evolution of the volume and open interest of calls and puts for Baidu’s significant trades between a strike price range of $55.0 to $145.0 in the last 30 days.

Summary of Baidu’s Call and Put Volume: Insights from the Last 30 Days

Noteworthy Options Trades Uncovered:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BIDU PUT TRADE BULLISH 03/21/25 $9.35 $9.05 $9.15 $90.00 $320.2K 160 0
BIDU PUT TRADE BULLISH 09/20/24 $3.75 $3.65 $3.55 $85.00 $266.2K 294 0
BIDU PUT TRADE BULLISH 05/17/24 $3.8 $3.7 $3.7 $100.00 $185.0K 5.5K 3
BIDU CALL SWEEP NEUTRAL 09/20/24 $11.0 $10.85 $11.0 $105.00 $110.0K 733 4
BIDU CALL TRADE BEARISH 04/19/24 $2.23 $2.15 $2.15 $105.00 $107.5K 2.7K 1.0K

Exploring the World of Baidu

Baidu reigns as China’s largest internet search engine, commanding an 84% share of the search engine market as of September 2021 according to web analytics firm, Statcounter. In 2022, the company derived 72% of its core revenue from online marketing services offered by its search engine. Aside from search, Baidu is a tech-centric entity, venturing into artificial intelligence cloud services, video streaming platforms, voice recognition technology, and autonomous driving.

After a meticulous assessment of the options trading scenario surrounding Baidu, the analysis delves deeper into dissecting the company’s standing in the market and its operational performance.

Baidu’s Current Market Position

  • Notching a trading volume of 2,811,254, BIDU’s price has slipped by -1.83%, settling at $101.61.
  • Current RSI values hint that the stock might be teetering towards oversold territory.
  • The forthcoming earnings report is slated for 34 days from now.

Professional Analyst Perspectives on Baidu

In the last month, 1 industry analyst has shared insights on Baidu, positing an average target price of $176.0 for the stock.

  • An analyst at Citigroup has opted to uphold their Buy rating on Baidu, with a target price currently pegged at $176.

Options trading presents a realm of heightened risks and probable rewards. Savvy traders navigate these risks by perpetually enhancing their knowledge base, adapting their strategies, monitoring multiple indicators, and keeping a keen eye on market movements. Stay abreast of the latest options plays involving Baidu with real-time alerts from Benzinga Pro.