Baidu Unusual Options Activity For August 18
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The sentiment among these big-money traders is predominantly bearish at 84%. The whales have been targeting a price range from $100.0 to $170.0 for Baidu over the last 3 months. The price of BIDU is currently down -3.75% at $125.0.
August 18, 2023 | 4:01 pm
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Baidu has seen significant bearish options activity, indicating a potential downward trend in the short term.
The unusual options activity, with a predominantly bearish sentiment, indicates that traders are expecting the price of Baidu to decrease. This could potentially lead to a short-term downward trend in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100