BIDU options

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

 

stock went from the 100$ low all the way to 820$ (pre-split price)

and you buy a call option? not a very good trade even if it works out..IMO

but I wish you luck

 

...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

 

Maybe if you buy a put it will go up ?

 

OMG, im out. Thats $300 down the drain.

Damn I shouldnt have bought a call but a put.

 

!