PB2MA and PB2BO in BIDU

[Steven Place]

Simple pullback trade. It’s retesting the top of its previous trading range which tends to be support.

Start scaling into bull put spreads.

Sell to open Jan 210/200 bull put spread @ 1.45

ADD to the trade @ 2.50

EXIT the trade @ 0.60 with intent to resell on another dip

[Steven Place]

Adding 2nd round of jan 210/200 put spreads at 2.50

Buy to close that round at 1.50, which will happen if we see 230 again.

A loss of 210 and i’m rolling down and out to feb bull put spreads.

[Steven Place]

That was fast.

Buying back the second half of the Jan 210/200 bull put spread for 1.50.

Will resell if we see 2.75 on the spread.

[Author]

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