Moderately bullish activity in Baidu (BIDU), with shares up $3.17, or 2.24%, near $145.18. Options volume roughly in line with average with 97k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.44. Implied volatility (IV30) is higher by 4.1 points near 54.93, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.02. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIDU:
- BABA, BIDU, AMZN, SLMT: Cathie Wood Bets on China, Cuts Stakes in Amazon and Crypto Firm
- Baidu price target raised to $140 from $100 at Morgan Stanley
- Cathie Wood Pumps Millions into Baidu and Alibaba, Trims Roku and Brea Holdings
- Cathie Wood’s ARK Investment buys 45.5K shares of Baidu today
- Moderately bullish activity in Baidu with shares up 1.7%