My turn with BIDU

Baidu (BIDU) stochastics are overbought. Doesn’t mean it can’t become more overbought but I think it’s tired. So I bought some Dec07 $370 put options to find out if this stock hates me as much as it hates Michael.

Bought:
BIDU Dec07 $370 puts BPJXN - 2 @ $11.80
entered when stock at $389.12.

Yesterday, I took losses on my Amazon (AMZN) puts.

Sold AMZN Dec07 $95 puts ZQNXT - 3 @ $3.65
entered at $4.25 on 12/05
-$192 loss (after $12 commission)
stock price when exited: $93.65
stock price when entered: $93.05

I didn’t get a chance to update my account value yesterday so the stats are a bit wrong, but I’ll update it at the end of today.