BIDU Earnings Play (Ranges)

Closing price (4/27/11) = 151.11
ATM Straddle =  10.8
Expected move = +/- 10.05

Composite of the two:

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Wednesday Trades

Wednesday: Take profits quickly.

IN
INTC – Added Feb-11 CALLS
RCI – Added to short

OUT
LFC: +0.25
UUP: +0.12
BIDU: +0.23
CME: +0.60

Watching: CTXS, DB, FMX, FRX, LVS, NRG, OC, PRGO

Portfolio


Tuesday Trades

Tuesday

IN
RCI – Short position added to portfolio on market weakness.
CME – Short position added to portfolio on market weakness.
BIDU – Good relative strength.
UUP – Good levels. Hedge.
LFC
INTC – Good strength back in INTC.

OUT
ISRG: +.20
EMC: -.09

Watching CTXS, INTC, LLL, WLP, and FRX.

Portfolio