Monday, November 20, 2006

Closed my BIDU call option trade

As mentioned on Friday, I bought some Bidu calls. Managed to hold them for only 1 day. Here is how the trade turned out:
This is more of a flip on the hourly timeframe, but a win is a win is a win.


Simply Options Trader said...

Hi Phileo,
It is great to see another blog on options in the trading community. Do you only trade options or a combination of stocks & options?

On the BIDU trade, what prompted you to enter this trade and hold overnite? Thanks!

Phileo said...

Hi SimplyOptions Trader,

Lately, more than 50% of my trades have been options, esp. when it comes to the usual suspects (GOOG, BIDU, RIMM, AKAM, etc.) Where I trade stocks is when the stock does not offer options (eg. GROW), or when the bid/ask spread gap makes it too risky (eg. CME).
Your other question deserves a post of its own. I will answer it tonight.
Thanks for dropping by to visit !