Options Bulls Blast 2 China Stock After Revenue Beats

Core Insights - U.S.-listed shares of Baidu Inc and Xpeng Inc are gaining attention after both companies exceeded revenue expectations for Q1, with Baidu benefiting from AI cloud services and Xpeng narrowing its quarterly losses [1] Baidu Inc (BIDU) - Baidu's shares were last seen down 0.8% at $88.61, despite a year-over-year increase of 10.1$95 level since late March [2] - The stock has struggled to recover from a two-year low of $74.71 reached on April 9, with the$95 resistance level coinciding with its 320-day moving average [2] Xpeng Inc (XPEV) - Xpeng's shares rose 12.8% to $22.20, marking its best performance since February and trading at the highest level since March, supported by its 80-day moving average [3] - Over the past 12 months, Xpeng's stock has increased by 156%, and it is up 89.6% in 2025 [3] Options Trading Activity - Both Baidu and Xpeng are experiencing significant options trading activity, with volumes reaching eight times the intraday average [4] - The most active options for Baidu are the weekly 5/30 100-strike calls, while for Xpeng, it is the weekly 5/23 22-strike calls, with new positions being opened for both [4]