This Is What Whales Are Betting On Baidu

This Is What Whales Are Betting On Baidu

A whale with a lot of money to spend has taken a noticeably bullish stance on Baidu.

Looking at options history for Baidu (NASDAQ:BIDU) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $66,390 and 8, calls, for a total amount of $390,301.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $135.0 for Baidu over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest …

Full story available on Benzinga.com