Fri, Aug 1, 2014, 12:22 PM EDT - U.S. Markets close in 3 hrs 38 mins


% | $
Click the to save as a favorite.

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.

211.48-4.57(-2.12%)12:22 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.