Baidu Inc (BIDU) $111.23 -8.39%
Baidu options volume is triple normal and vols are exploding on an otherwise very quiet day, with 75K contracts trading and shares off 10% near $108.60. 30day ATMIV is up 22points to 90%, a 52wk record and nearly half this morning’s flow is in weekly’s that expire tomorrow afternoon. Lot sizes are relatively small, the largest being a 560 lot of 95puts trading on the 15cent offer on the ise. That trade was marked opening cust seller.
Category: All Stocks, Large Cap Stocks, Software & Computer Services
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.
