Bought an Apr 610/620/630 call butterfly for 1.25. And a May +600/-610 call vertical spread for 4.20. Will sit in the May spread for a few weeks if necessary, and the Apr is a lotto ticket. Obviously I think the stock is going to 620, but if I'm not immediately correct, have a little time for my case to play out.
Tell me about it. You'd think in a market that can justify a $650 BIDU, a 22 next 4 quarter multiple wouldn't be a stretch. Well I have a while to sit in this trade. Too bad the butterfly didn't work.