The Q4 earnings is not pleasant and causes the #BIDU price down.
Cut loss for daily chart: $171.72
Cut loss for weekly chart: $159.54
If you still long #BIDU, it is an opportunity to buy the dip.
Traders are undecided on Alibaba in a post-Trump world, demonstrated by the relatively horizontal movement over the past couple of weeks. The slightly tighter range indicates people may be ready to make a decision, so I'm watching two pricing levels.
$91.26 - Long
This resistance level is just above the 18 day moving average as of right now, if the stock...
From what I have observed, I can see the same happen again.
...but - I'm also aware the the exact opposite could De- Bingo it.
As for now, I wait for a close above the dashed blue A/R line.
But yes, I am very bullish on BIDU.
P!
OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before...
HVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken...
Wait until this area beneath 201.00 USD is cleared. We will either see a decisive push above this level, or - if the general market is in " sell-in-May-go-away " mode - a break lower ( watch 180.00 USD ).
Closed this setup at 50% max profit (for the rolled setup) ($62.58/contract).
It doesn't entirely make up for my early bobble of BIDU's earnings announcement date (first they said it was 2/10; then it was 2/25), but I'll take it here going into Draghi/FOMC.
Here's the entire chain:
2/25 Sold March 8th 132/137/177.5/182.5 iron condor for a $131 credit
2/26...
BIDU announces earnings after tomorrow's close, so look to put a setup on in the waning hours of the NY sesh.
Now that I've got the earnings date correct (they previously "tentatively" announced a 2/10 earnings release -- sooooo annoying), here's the metrics for the setup:
BIDU Mar 4th 136/141/185/190 iron condor
Probability of Profit: 70%
Max Profit:...
Here's are next weeks earnings plays that I'm thinking of playing via options, assuming the implied volatility rank "stars" line up correctly ... :
HD: announces on Tues 2/23 before market open.The rank is 55, the implied 32, neither of which is that great. If IV doesn't pop, I'll pass.
FSLR: announces on Tues 2/23 after market close. With a rank of 72 and an...
BIDU announces earnings "some time tomorrow", so it could be either before or after market; if you want to play it, look to put on a setup before today's market close. One thing I would note is that the bid/ask spreads aren't that great, implying that the options' liquidity isn't the best in the world, so I would look to put on a play at the mid price, but not to...
