% | $
Quotes you view appear here for quick access.

Baidu, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • bdplayer bdplayer Sep 10, 2009 12:21 AM Flag

    Got 10 350SEP Puts today

    I think Euro is right but I would add more PUTs on Friday, BIDU might lose some steam by that time and the Sep 350 PUTs might be little cheaper.


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Don't sell your put yet. A reversal is coming soon either tomorrow or the day after.

      Problem is how large of a reversal.

      Look at

      Look at the bold lines at 360 and 180. Whenever the stock taps those 2 horizontal areas there is an immediate pullback the next day. Problem is when it comes to shorting/puts the reversal can be short lived.

      On the days when it tapped the top horizontal line the next day if you weren't greedy you could of got at least $5/share of profits. On some days the trend tried to reverse and didn't.

      Looking at the bottom horizontal line we see a perfect reversal indicator.

      My advice if it starts pulling back tomorrow in the morning at the open, unload half your position at the $5/share mark and use tight stops with the rest.

172.66-1.81(-1.04%)Jul 31 4:00 PMEDT