Baidu Unusual Options Activity For June 22
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Baidu (NASDAQ:BIDU) on June 22, with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 40% bullish and 60% bearish sentiment. Whales have been targeting a price range of $135 to $150 for Baidu over the last 3 months.
June 22, 2023 | 6:38 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Baidu (NASDAQ:BIDU) with unusual options activity observed on June 22. Whales have been targeting a price range of $135 to $150 for Baidu over the last 3 months.
The unusual options activity, with a 60% bearish sentiment, indicates that a large investor is expecting a potential decline in Baidu's stock price. This could have a short-term negative impact on the stock as other investors may follow suit.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100