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Baidu call volume above normal and directionally bullish

Bullish option flow detected in Baidu with 49,272 calls trading, 7x expected, and implied vol increasing almost 2 points to 46.17%. 10/4 weekly 110 calls and Nov-24 120 calls are the most active options, with total volume in those strikes near 11,400 contracts. The Put/Call Ratio is 0.18. Earnings are expected on November 26th.

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