Bullish flow in Baidu (BIDU), with shares up $6.75, or 5.88%, near $121.57. Options volume nearly triple the daily average with 124k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 5.7 points near 50.13,in the top quartile of the past year, suggesting an expected daily move of $3.84. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Arete.
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