BIDU earnings play ..you got the guts?

I am betting that it will drop.

It is now Thursday afternoon around 2PM andI just purchased a NOV 290 Put @ $9.50 for $950.00 when BIDU was approx $340 and change.

Wish me luck :)
 
I'd feel better playing the NQ futures.....BIDU, like GOOG or AAPL should move the futures and you can trade it after-hours. :)
 
Quote from Tom631:

I am betting that it will drop.

It is now Thursday afternoon around 2PM andI just purchased a NOV 290 Put @ $9.50 for $950.00 when BIDU was approx $340 and change.

Wish me luck :)
More...

Why don't you sell a 280 put to make up for the vol loss.

You should probably just buy 340, sell 330s and leverage up your size to give you the preferred gain (likely $5.00 per spread).
 
Go long now

You got to take some risk to make serious money.

The downside is 10%-the upside is 20%

If bidu does drop it will rebound in a month or tow.

You can;t lose here.
 
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