0.55Open2.20Pre Close2.01K Volume253 Open Interest102.00Strike Price109.90KTurnover50.26%IV0.81%PremiumJul 12, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.71Extrinsic Value100Contract SizeAmericanOptions Type-0.7729Delta0.1468Gamma155.90Leverage Ratio-0.5060Theta-0.0012Rho-120.49Eff Leverage0.0123Vega
Baidu Stock Discussion
Disclosure: I hold a long position in BIDU.US.
$Baidu(BIDU.US)$ $BIDU-SW(09888.HK)$
Apollo Go Robotaxi(Bullish)
Baidu is focusing on reducing losses in its Apollo Go business. The fully driverless fleet in Wuhan has grown threefold YoY, with 70% of orders being fully driverless as of April, up from 45% in 4Q23. Baidu has initiated driverless robotaxi services in 11 cities across China, accumulating over 6 million...
Next resistance is 105.89. Hopefully, the stock price can break the resistance tonight.
$MEITUAN-W(03690.HK)$ , which is planning to launch lift advertising business, climbed 2.6% to $119.1. For other techs, $BABA-SW(09988.HK)$ hiked 1.3% to $76.4, while $TENCENT(00700.HK)$ gained 1....
The chart looks bullish with another gap up. The trend is still up, with investors seeing good future in robotaxis. High volume of trading is positive for the stock. Next resistance is 105.89.
Baidu gained +12.5% overnight in HK on heightened optimism surrounding autonomous vehicles. The government said that it will step up policy support for the company's Apollo Go program. The autonomous vehicles, mostly used as taxis, could soon be expanding yet again in China. Apparently, government ministers said they would even support autonomous rental vehicles! T...
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