Baidu Unusual Options Activity For July 31
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Baidu (NASDAQ:BIDU), with a bearish stance being taken by a whale investor. Of the 28 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $131,973 and for calls was $2,169,404. The targeted price range for Baidu over the last 3 months has been from $115.0 to $195.0. The current price of BIDU is up 0.9% at $156.76.
July 31, 2023 | 7:12 pm
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Unusual options activity has been detected for Baidu, with a bearish stance being taken by a whale investor. The targeted price range for Baidu over the last 3 months has been from $115.0 to $195.0.
The bearish stance taken by a whale investor indicates a belief that the price of Baidu will decrease. This, combined with the fact that 53% of the unusual trades were bearish, suggests a negative short-term impact on Baidu's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100