BIDU NeutralWeekly resistance at 270
RSI divergence
EMA20 Bollinger Band Upper band
There might be a consolidation
between 210 and 110.
Sell Iron Condor -- limit 6.3 (Credit)
SellToOpen Mar Call Spread C260/270
SellToOpen Mar Put Spread C200/210
Get Theta 2.04 per day
$10 range,
max profit 6.3,
max risk 3.7,
Reward:risk= 1.7:1
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
BIDU/N trade ideas
Gap to fill on BIDUBIDU has seen parabolic gains these past couple months and is looking for a retrace. There is a gap at 214 dollars which coincides with the .236 fib level. Volume has peaked and is in a downtrend which is also bearish. Expecting the gap to be filled at around 214 dollars within a couple weeks.
#Bidu $Bidu Now a double inside daily candleBidu showing real consolidation here, expecting a big move on the breakout of this double inside daily candle. Now that its a double inside, the target is twice the length of the last candle($26) from the breakout. Hoping this breaks to the upside, but would probably play the breakout in either direction. Just a hunch a break to the downside has higher failure potential. Not financial advice.
#Bidu $Bidu Inside Daily breakout?Bidu has been very strong lately, and a breakout to the upside of this inside daily candle gives a nice target. I will buy at the break of the inside daily and get out if it comes back into the range of yesterdays candle. Not financial advice, take your money, and drop then kick it.
BIDU - 3-4 continuation breakoutLoading zone is anywhere in the golden zone. BIDU is in a nice channel at bottom of range and can see a lot of upside from here. It is holding the 50 SMA on the 4H, and 9 EMA on the Daily. A backtest of the prior bull flag break out can send it to the next levels above. A candle close below the golden zone invalidates this play.
BIDU potential top and hedge ideaExcellent move in BIDU over the last several weeks and I think we have recently hit the near term highs. Any further move up will require consolidation and therein lies our opportunity.
Idea 1: Sell Feb 200/220C spreads to fund the 215/205P spreads.
Idea 2: Lopsided Put Butterfly spreads or backratios (given that IV is just below HV at the moment).
Additionally given some volatility due to some Chinese stocks getting delisted from NYSE, there is a potential fear trade here as well to the downside. IMO, that's a stretch but it feeds the bias if anything and does not work against it.
BIDU - BAIDU INC SPON - NASDAQ Financials well! It's not expensive comparing to its industry.
It may wanna rest after touching the up line.
I wish you good profit!
Thanks
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$BIDU Our C&H Target Surpassed, 👏👏🤑🤑 PROFITS BANKED
What a trade this has been , the C&H measured move has now been surpassed,
momentum with the added fuel of FOMO looks like carrying it higher.
It has now entered into a zone off higher volume history but the whether eager sellers await
I am not to sure. Options activity is very high which is also a catalyst to rally.
Resistance levels as per the chart may act as temporary stall zones.
Please keep perspective and bank profits, RSI is getting into lofty territory.