Wednesday, July 23, 2008

Status on analyzing pre-earnings game - July 23 closing



BIDU - (this will be painful) announced stellar earnings, so the PUT will go down south at open. A remedial step to analyze will be to either 1) Buy a call & sell the PUT 2) &/Or convert the PUT into a Bull Put Spread & Buy a Call at same time.

Other positions - we will know the picture prior to open on Thursday.

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