NaughtyPines

BOUGHT TO CLOSE BIDU MAR 18TH 152.5/157.5/180/185 IRON CONDOR

NASDAQ:BIDU   BAIDU INC
Closed this setup at 50% max profit (for the rolled setup) ($62.58/contract).

It doesn't entirely make up for my early bobble of BIDU's earnings announcement date (first they said it was 2/10; then it was 2/25), but I'll take it here going into Draghi/FOMC.

Here's the entire chain:

2/25 Sold March 8th 132/137/177.5/182.5 iron condor for a $131 credit
2/26 Bought the 132/137 short put vert back for a $9 debit (post earnings announcement; near worthless)
2/29 Rolled the 177.5/182.5 short call vert to the March 18th 180/185 short call vertical for a $17 credit (price too close to short call strike with limited DTE             )
2/29 Sold the March 18th 152.5/157.5 short put vertical for a $48 credit (this wasn't strictly necessary, since I received a credit for the roll of the short call side; I just wanted some protection there if price continued to shoot off into the ether).
3/9 Bought to close the March 18th 152.5/157.5/180/185 Iron Condor for a $106 debit.

Total credits minus total debits minus fees and commissions = $62.58/contract, not quite 50% max profit of the original setup, but close enough considering that I had to roll and that it was supposed to be one of those ideal "inzee/outzee" earnings plays ... .

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out