Moderately bullish activity in Baidu (BIDU), with shares up 86c, or 0.63%, near $136.10. Options volume running well above average with 109k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.4. Implied volatility (IV30) dropped 4.77 near 50.56,in the top quartile of the past year, suggesting an expected daily move of $4.33. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Arete.
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