Should I buy BIDU calls or puts in the coming days? I nibbled and bought a BIDU call. It went down in value 20% already 
BIDU options
- Thread starter failed_trad3r
- Start date
...here is a trade idea i posted in the stock forum yesterday:
05-12-10 03:55 PM
....5/12/2010, BIDU @78.12, target $100......time, ~6 mo.
....wait for pull back
....go long a call option, strike just OTM (or just ITM if more conservative), time ~9 mo. (or longer if more conservative)
...select a time or loss $ amount to get out if it doesnt move in right direction
...select a time or profit $ amount to close if moves in right direction
....monitor market and position for changing conditions
....jmhdao
05-12-10 03:55 PM
....5/12/2010, BIDU @78.12, target $100......time, ~6 mo.
....wait for pull back
....go long a call option, strike just OTM (or just ITM if more conservative), time ~9 mo. (or longer if more conservative)
...select a time or loss $ amount to get out if it doesnt move in right direction
...select a time or profit $ amount to close if moves in right direction
....monitor market and position for changing conditions
....jmhdao
Quote from failed_trad3r:
Should I buy BIDU calls or puts in the coming days? I nibbled and bought a BIDU call. It went down in value 20% already
OMG, im out. Thats $300 down the drain.
Damn I shouldnt have bought a call but a put.
Damn I shouldnt have bought a call but a put.