Taking Some Off the Table
I want to get a few of the particulars off the table early. I still like Baidu (BIDU), but now I will take some profits on the call spread mentioned over the last two days. I don't love Fed days, and I can sell 55% of my outstanding BIDU Dec 21 $95-100 call spreads to recapture the original capital risk.
Now I am just left with the house's money on the table. I like this. It also means I can look at adjustments later, such as turning this into a butterfly to collect some net credit, which would be then lock in a profit and give me more upside potential. It would change the remaining risk parameters some, though, so there will be some give and take if I make such a move....576 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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