Bullish option flow detected in Baidu with 11,967 calls trading, 3x expected, and implied vol increasing over 2 points to 54.14%. 3/24 weekly 160 calls and 3/24 weekly 155 puts are the most active options, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 0.63. Earnings are expected on May 18th.
Published first on TheFly
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