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BIDU trade is on the board

Following up on yesterday’s post, I just put on a modest $725 put spread on Baidu, which announces Q4 earnings after the bell today.

I am envisioning this as a quicky up or down trade on the Chinese internet search company.

I elected to go with the $105-$100 spread, which was executed as follows:

Purchased 5 BIDU Feb $105 puts for $3.55 each.
Sold 5 BIDU Feb $100 puts for $1.90 each.

The underlying stock was trading at about $108.36 at the time I pulled the trigger.

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