5/7: BIDU – Shorting May (5/11) $247.5/242.5 bull put credit spread for $.60/share (4 DTE). Breakout from last week’s consolidation after Pro Gap earnings breakout, market bullish. Stop Loss $249.19.
by Dan Gibby | May 7, 2018 | Past Weekly Options Letters
5/7: BIDU – Shorting May (5/11) $247.5/242.5 bull put credit spread for $.60/share (4 DTE). Breakout from last week’s consolidation after Pro Gap earnings breakout, market bullish. Stop Loss $249.19.
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