Looking At Baidu's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Baidu (NASDAQ:BIDU), with 58% of recent trades being bearish and 41% bullish. The total amount for puts was $81,720 and for calls was $526,548. The targeted price range for Baidu over the last 3 months has been $60.0 to $145.0. The current price of BIDU is up 3.47% at $129.26. The next earnings are expected to be released imminently.
August 22, 2023 | 4:31 pm
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Bearish stance taken on Baidu with majority of recent trades being bearish. The targeted price range over the last 3 months is $60.0 to $145.0. The current price of BIDU is up 3.47% at $129.26.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, indicates a potential downward pressure on Baidu's stock price. The current price is up, but this could be temporary, especially with the imminent release of earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100