Power Plays Options
Update: Rolling BIDU Calls
February 18, 2025
By Scott Redler
I am going to roll our Baidu (BIDU) call options position by doing the following:
- Closing the final 2/3 of the BIDU February 28 $95 Calls for a loss
Then I will be adding this position
- Long BIDU March 14 $100 Calls
These calls look good in the $2.20 to $2.45 range (or lower)
Today's downdraft in BIDU stock may be an overreaction, and this new position gives us 2 more weeks for the stock to recover and put these options in the green.
I am using a higher strike price because if BIDU rebounds, it will most likely do so aggressively.
-Scott
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