Bad day for bears

There’s a lot of strength in the technology sector, which is where I have some puts (BIDU, AAPL).  This of course makes me a little confused, as having calls and puts shows either unknown direction prediction (that’s me) or a clue of some sort of specific direction for a specific stock.

The BIDU put I have isn’t doing well this morning, with BIDU hanging around the low $390 area.  Thankfully with the market up as it is right now BIDU isn’t blowing through $400 (yet?).  I still believe BIDU is due for some sort of fall, it’s just not happening yet.

AAPL is showing strength this morning, but than so is the entire tech sector.

I’m pretty surprised that RIMM isn’t up more (about 5% so far), there’s more room for growth there.

Well, as I watch my call in FSLR head into profit, I wonder how much longer I’ll hold my BIDU put before just selling and taking the loss.

As for the IWM, well, it’s not over yet but the Russell is looking pretty strong today so maybe it’s time to cut and run there too.