BIDU - Puts for tech search space

[Tequity]

This has been floating up here probably by some tech fund devilry. But the appearance of strength is misleading as the present selloff in the markets worsens it threatens to knock it from its perch. SHLD had a similar chart that ended in a 10+ pt drop in two days. The trading action on BIDU is very choppy intraday with little trending so I'm betting on a sudden rug pull. Reports on May 26, after GOOG on May 21, but I'd expect action in a day or two or will go to August puts to avoid the TD. http://tequity.blogspot.com

[catrader]

your analysis right on! did you pick up any options.  If you did congrats and made a nice profit!

[Tequity]

 

Thanks. Sorry I'm posting in two other places and trying to trade. I'll add more otions trades if there is genuine interest. Some straddles and strangles for earnings:

HANS 50call/40put
GRMN 90call/90put
MOLX 35call/30put
SBUX 35call/30put
WFMI 60call/50put

http://tequity.blogspot.com

[agatto2]

Hay bud:    Ive got my eye on Goog wondering if its going to pull the incredible Island drop. What i did notice though is that on both shld and Bidu the took of like rockets soon after the big drop. I also have Agn on my radar veryvery similar situation. BTW good call on bidu. Tony G