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Fortunately the feeling of going BIG only hits me after closing a winning trade! The caution always creeps back in when opening a new one. Thanks for the advice.

Good job, but please be aware that this is a very high risk trade. With only one day to expiration, the risk of 50-80% loss is real. Please do NOT go big with those trades.

This is an interesting idea, but if I were going to do it, I’d be tempted to use an ETF like FXI instead of BABA or BIDU. It has much more liquidity than either of those two names (in terms of open interest and bid-ask spread), and its straddle price is a much lower percentage of the stock price, so it’s easier to get into with a smaller account. Granted, the absolute dollar moves are likely to much less, but the percentage move could be higher. It’s currently at a higher IV rank at the moment, which is something to keep in mind, but I think the other factors (especially liquidity) would make this a better choice for personally. Just a thought.

IB don't make deals and don't bargain. Their rates are already low enough. Another thing that I like about them - you don't need "negotiating" skills to get a great rate.