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carley621
Dec 17, 2018 2:53 PM

BIDU - Trade set up  Short

Baidu, Inc.NASDAQ

Description

If we break this tail I don't see support till the 100MA on the Monthly chart. Could be a fast trade or a swing trade.
Comments
hungry_hippo
Made 1k flipping BIDU puts today, thanks! Closed it out since it looks like the market is bottoming out. Good trade.
carley621
@hungry_hippo, Good job!! Nothing like making a nice directional option play.. Puts and calls is where the moneys at.. Enjoy people!!
hungry_hippo
@carley621, it's easy when the market is tanking. I was all puts the last couple of weeks. I flipped all of them today, all cash now.

Gotta figure out the next trade, not really sure I want to buy index calls. Maybe I'll just wait for them to bounce the market back up. Anyways, always appreciate your ideas.
hungry_hippo
@carley621, looks like we could've played this twice. Day traded FB and AMZN for the win today, plus flipped some UAA and NKE puts. Rolled the profits into NKE puts for earnings.... watch that one tomorrow afternoon.

Easy to short when the market is tanking, lol.
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