Bidu about to tank down below $80

4 90 long call butterflies, 7 95 long call butterflies (they're cheap, what can I say)

plus 1 100 nov long call, 1 105 nov long call, 1 80 nov put.


can't make up my mind... figure either the virtual strangle or the the butterflies will end up profitable. not spending too much on volatility here.

the straddle pricing was attrocious. with IV being so high, you'd need something like a 20 pt move to just to breakeven.

i'll try to scalp the underlying on announcement.
 
man, this thing was a better sale @ $96-$99 before that stupid piper thing sent this thing down $10, but its hard not to throw the dice here anyway. I like excitement, and this stock provides it.
 
covered my lot at $80.01

I put this buy order in at 4:01pm, and it was filled at 4:31pm. I got lucky today. And this is good, because i haven't been very lucky this month.
 
Quote from Rearden Metal:

Here comes the most USELESS amazing call ever!

EFUT is trading at $34.60 now. It will be down over 15% before the day is done.
More...


No shares available for shorts over here. But geez that thing is silly.
 
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