NEW TRADE IDEA:

Bear Call Credit Spread Idea on BIDU

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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.

10/2:  BIDU – Consider shorting Oct (10/12) $230/235 bear call credit spread (10 DTE) for around current mid-point of $.53/share. Bear gap from consolidation at resistance on the daily, weak sector.  Stop Loss $228.00.