NASDAQ:BIDU   BAIDU INC - AMERICAN DEPOSITARY SHARES, EACH REPRESENTING ONE TENTH CLASS A ORDINARY SHARE
36 0 4
BIDU             has been pulled back from 188$. I expect it would start to bounce back from the trend line . Setup the position by selling a put spread.

snapshot


Position:
Short June 170
Buy June 165

Premium: 1.05$
Target: 50% of the premium.
Breakeven, 168.95$
PoP: 71.35%

Trade closed: target reached: Closed the position at $0.48.

Profit is $0.57 per contract.
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