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Breakout Play in BIDU

August 24, 2017 By Steven Place

Buy to Open BIDU Oct 230/250 Bull Call Spread @5.28

Stop out on 30 min close under 215.98

Take off half at 235.25.

UPDATE

First target hit, selling half here:

Sell to Close Half Size BIDU Oct 230/250 Call Spread @8.50

UPDATE 2 (Sep 26th, 2017)

Sell to Close BIDU Oct 230 Call

Buy to Open BIDU Nov 250 Call

Credit: 5.05


UPDATE – Oct 10th 2017

Closing out the trade for a profit.


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