Baidu’s Put Options Look Interesting After Wednesday’s Big Volume 

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Baidu (BIDU) opened Wednesday’s trading up nearly 7% on Q4 2022 results that were better than expected. It also didn’t hurt that the Chinese search engine company had some good news to share with investors on the share repurchase front. As a result, volume on the day was a tad shy of 12 million, 2.5x its average 30-day volume. Unfortunately, the early momentum didn’t last. Baidu stock closed down nearly 3%. However, the unusual options activity for its March 3 $125 put option caught my eye on Wednesday. Yesterday’s action suggests the $125 strike price might be a good bet for generating some n…

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