Baidu, Inc.
Long
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Long BIDU by selling Put Spread 170/165

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 fermée: cible de profit atteinte
Closed the position at $0.48.

Profit is $0.57 per contract.

Clause de non-responsabilité