Baidu Is One to Watch on Monday
Baidu (BIDU) is the big name for Monday. I haven't entered a position yet, but I thought I'd get a jump on the charts. I don't want to see any weekend erosion on any long option positions, so I'd rather wait for mid-morning on Monday to establish a position.
I fear this one may under-reaction. Options are calling for only about a 5.7% movement, which is right in line with the current trendlines of $136 and $122. The "big surprise" numbers are closer to $111 and $147.50, so to me, Baidu is more of a higher-risk play....334 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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