If you haven`t sold BIDU`s top: nor the previous ER:
Then analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week, I would consider purchasing the 105usd strike price in the in the money Calls with an expiration date of 2024-6-21, for a premium of approximately $16.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade fechado: objetivo atingido
BIDU traded at 116.07 after earnings, and the calls went up from $16.90 (when I wrote this article) to $20.05 at the close today (a lot higher intraday), for about 20% gain!
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