Baidu September Option Pain Raised Again
I brought and closed the 2 Baidu September put contract I was holding. I net about $400 hundred on that deal. I didn’t wait for it to expire because that was quite a return given the small amount of investment ($600) in a short period of time. I feel there may be chance for me to sell put again at a good price before the option expiration day. It is the third time I make money on trading options. Baidu’s September put options pain was raised again at $320 currently. Looks like traders are not as bearish on Baidu as they were at the end of last month.
account balance 2009/09/05
My account balance is still short of my initial investment amount. But I am not eager to earn it back. I will just take it slowly. I feel comfortable with what I am holding and I think the day I recover my initial investment amount is not far. My focus recently is to get back to work. I really feel it is not easy to get a job nowadays. I feel the companies that are looking for people are pickier and they take it slowly. With 9.7% unemployment rate the companies that are hiring are sure to have a lot more choices than before.
I am not convinced that the recession is ended. I believe the problems of the banks are not over yet. I kind of think that the real estate market is better only because of the government’s incentive for first time buyers. Retail sales didn’t have major improvement. Further more I believe foreclosure will continue to raise as more option ARM reset occurs. I am maintaining a major portion of cash in my portfolio and waiting for opportunity.
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Cool article you got here. I’d like to read a bit more about that theme.
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Whats your long-term outlook on BIDU?
is the wave analysis?
Before investing in the market one try to analyze the trends of the markets. This task of analyzing and understanding the market trends done by the option trading experts.
Wow beautiful collection all is nice thanks for it.
The shorts will want to start covering because there are two catalysts next week, earnings on Monday and the Company buying back shares….
Are you going to be starting up this blog again?
I am not convinced that the recession is ended. I believe the problems of the banks are not over yet. I kind of think that the real estate market is better only because of the government’s incentive for first time buyers.
LOL…I could be wrong too. sorry if I got “preachy”, I didn’t mean to. I guess his personality reminds me of my little brother.
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