89888 trade ideas
16.03.27 - BIDUPrice > 20EMA: yes
Price > 50EMA: yes
Price > 200EMA: yes
20EMA x 50EMA: yes
50EMA x 200EMA: -
Price resting at 200EMA
P3
HH HL
Retrace to S for entry TP at current pricing level above 200EMA
Earning are on the horizon (just like BABA and AAPL) i.e., more potential for volatility and momentum
TP: 188.07
Entry: 179.2
SL: 174.77
2RR
BOUGHT TO CLOSE BIDU MAR 18TH 152.5/157.5/180/185 IRON CONDORClosed 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 ... .
Baidu - Swiss cheeseGot my bear boots on this week and Baidu has a heap of holes to fill.
Waiting on how we react into the bear trend line to set up a short... TP144
BIDUGot very "Depressed". Recovered nicely & had the expected pullback. On the move again here. KISS....
BIDU EARNINGS: MARCH 4TH 136/141/185/190 IRON CONDORBIDU announces earnings after tomorrow's close, so look to put a setup on in the waning hours of the NY sesh.
Now that I've got the earnings date correct (they previously "tentatively" announced a 2/10 earnings release -- sooooo annoying), here's the metrics for the setup:
BIDU Mar 4th 136/141/185/190 iron condor
Probability of Profit: 70%
Max Profit: $125/contract
Buying Power Effect: $375/contract
Notes: Naturally, you may need to tweak the setup given the underlying's price movement during the session ... .
BIDU EARNINGS PLAYSBIDU announces earnings "some time tomorrow", so it could be either before or after market; if you want to play it, look to put on a setup before today's market close. One thing I would note is that the bid/ask spreads aren't that great, implying that the options' liquidity isn't the best in the world, so I would look to put on a play at the mid price, but not to chase price ... . In any event, here are the setups:
For the folks who like to "go naked":
Feb 19th 124/157.5 short strangle
Probability of Profit %: 72%
Max Profit: $225/contract
Buying Power Effect: Undefined
For those who are "more shy" or of a defined risk bent (I've gone out a little farther in time because I can't get the long option strikes I want for a symmetrical setup in the Feb 19th expiry):
Feb 26th 115/120/165/170 iron condor
Probability of Profit %: 70%
Max Profit: $117/contract
Buying Power Effect: $382
Look to take off the entire setup at 50% max profit or a single side nearing worthless. In the event a side is tested, look to roll that side out to a later expiry and sell and oppositional side against the rolled out option(s) for a credit that exceeds the cost of the roll of the tested side.
Recent Selloff May Provide Good Entry11-days ago we suggested short position with target price 250 still that remains valid but 170/163 also provide strong rebound back to 194 before earning. Now if u are in this trade you are sitting on 10% and good to protect the gain and flip the trade. Real-time alerts go www.2waytrading.com
Daily short in BIDUAfter gapping and holding below 2 earnings levels, I will take this 2R short.
3 primary reasons I'm bearish:
1. RgMov is in a downtrend, with 5/13 MA clearly bearish
2. Price is expanding range lower on both a daily and weekly scale
3. Price is right below two key earnings levels that will act as resistance
GL!
Time to Go Short $BIDU?Price did bounce from support line 188.60 but still weak. This unique pattern may suggest a possible downside target $150 but at the same time push above 200 will suggest upside target price of $230 Real-time alerts try us www.2waytrading.com
$SPY $BIDU - Bounce or tank?Interesting here. Looking at weekly, macd rolling over. I can see sow before UTAD to create the apex with support found a the 61.8. Tough, that could be UTAD with LPSY set for FTI or Sow about tag UTAD. CMF virtually flat. My bias has a hard time being long this market. Short term, can it rip to new highs? Yes, possible, I would be waiting there short.
BIDU Bearish SignalTF Day on uptrend, but after hit 52 weeks high, candle stick indicated bearish pattern. If the price break out the SL @ $200 and not pull back within 3 days, potentially to reverse to down trend, then open PUT. If price spike up break out $213.6, its trend may be back to up trend, close PUT position and consider to open LONG.
Strong Earning Expect Strong Price ActionLast recommendation was to enter $140 if price holds and it did indeed. Though price appreciated a lot before earnings, the good news was more of expected and they delivered now. First, price overcame $154 level and gaped up with good news last week. We expect now price to enter next few sessions or weeks into the second profit zone. Try www.2waytrading.com
Hate too much drawing but close to crucial levelToday is very strong but price was stopped right where many will have their DTS and new SS will show up for a bet and should have given you enough tools to take or book some of the profit from $140 entry for second time. Next level to watch if we break $17 is $188 that only will happen if ER is strong. Real time alerts www.2waytrading.com
Is $BIDU a Buy Candidate?Though today's above average volume is a concern, still price is above recent entry point $140. Watch at that level for second chance to take out recent solid wall at and around 153.5 area with target price 183 level this can take a few months to achieve. It's 30% upside move if price holds $140. www.2waytrading.com
