Baidu Unusual Options Activity For June 02
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Baidu (NASDAQ:BIDU) with 56% of the detected 23 unusual options trades being bearish. The total trade amounts are $132,415 for puts and $928,277 for calls. Whales have been targeting a price range of $120 to $180 for Baidu over the last 3 months.
June 02, 2023 | 3:45 pm
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A whale has taken a bearish stance on Baidu, with 56% of the detected 23 unusual options trades being bearish. The targeted price range is $120 to $180.
The article highlights a whale taking a bearish stance on Baidu, with the majority of the unusual options trades being bearish. This indicates that the whale expects the stock price to go down in the short term. The targeted price range of $120 to $180 also suggests potential price fluctuations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100