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Vancouver

BIDU Calendar spread MAY 2017

By Vancouver, in General Board

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Vancouver    54

Vancouver
Posted

 

Hi guys, it's been a while...

 

BIDU reports on April 27 (confirmed).

I entered a 3-week P175 calendar today @ $1.09 & 1.10. Long May 19, short April 28.

We paid in the previous cycle $1.40 & $1.45 for a similar spread (strikes were slightly higher). Sold it for $1.45 & $1.60.

 

So if history repeats itself, current entry prices are very attractive.

 

 

craigsmith, Kim, seotrader and 3 others reacted to this

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