Baidu Unusual Options Activity For August 14
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $125.0 to $165.0 for Baidu over the last 3 months. The price of BIDU is currently down -0.23% at $137.59.
August 14, 2023 | 8:16 pm
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Unusual options activity indicates a significant bearish stance on Baidu. The price of BIDU is currently down -0.23%.
The unusual options activity, with a significant bearish stance, indicates that there might be a negative sentiment towards Baidu. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100