Wednesday, June 25, 2014

BIDU Put Trade

It has been a few years since I have posted trades on this blog, but I am going to do some here in coming months.  Some may be ETF or equities, but today's is an option on BIDU.

I am placing a limit order to buy an August 170 put on BIDU @ 5.00.

Earnings is July 21st, so this strike includes the upcoming earnings date which is in theory a gamble, but also provides possible volatility for a large winner.  The basic set-up here is a multi time frame over bought at a slightly lower high, and with daily time frame divergence.

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