Chinese concept stocks experienced a "short squeeze" with short sellers losing nearly $7 billion.
Despite the recent rise in Chinese stocks listed in the US, the short sellers are not eager to close their positions. If the market continues to rise, analysts expect a significant short squeeze to further boost stock prices.
Hong Kong Stock Market News: Baidu Group - SW(09888) rose more than 9%, upgrading AI infrastructure and AI native application products, accelerating the landing of large-scale model industry.
Baidu Group-SW (09888) rose more than 9%, as of the deadline, up 9.47%, at 115.6 Hong Kong dollars, with a turnover of 0.904 billion Hong Kong dollars.
Futu Morning Post | The situation in the Middle East has escalated! US oil and gas stocks rose; BlackRock raised Chinese stock ratings, Chinese assets fervent
China increases subsidies for electric vehicles, tesla is expected to achieve its first quarter sales growth this year; New carmaking forces show strong potential: Li Auto sets a new delivery record with 'Zhiling Xia', nio has delivered over 20,000 vehicles for 5 consecutive months.
Baidu Options Spot-On: On October 1st, 75,552 Contracts Were Traded, With 407.57K Open Interest
On October 1st ET, $Baidu(BIDU.US)$ had active options trading, with a total trading volume of 75,552 options for the day, of which put options accounted for 22.84% of the total transactions, and
What the Options Market Tells Us About Baidu
Baidu Options Spot-On: On September 30th, 100.04K Contracts Were Traded, With 409.87K Open Interest
On September 30th ET, $Baidu(BIDU.US)$ had active options trading, with a total trading volume of 100.04K options for the day, of which put options accounted for 23.22% of the total transactions,