Baidu Surges With Bullish Options as Robotaxi Orders Climb

view original post

Baidu’s shares jumped by the most in more than a year and bullish options bets surged to a record on signs of growing popularity for its Apollo Go robotaxi in China.

The stock rose as much as 13% in Hong Kong, following an 8.5% advance in the US on Tuesday. More than 48,000 calls changed hands, six times more than the 20-day average and double the number of bearish puts.