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Mixed options sentiment in Baidu with shares down 6.1%

Mixed options sentiment in Baidu (BIDU), with shares down $8.33 near $128.30. Options volume running well above average with 62k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.41. Implied volatility (IV30) dropped 0.86 near 48.23,in the top quartile of the past year, suggesting an expected daily move of $3.90. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Arete.

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