Baidu Offering Possible 10.01% Return Over the Next 15 Calendar Days

Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $160.00 short put and a strike $150.00 long put offers a potential 10.01% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $9.09 would be incurred if the stock dropped below the $150.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Baidu is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Baidu is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Baidu

Baidu Stops Accepting Bitcoins After China Ban
Sat, 07 Dec 2013 07:59:55 GMT
Bloomberg – Baidu Inc., China’s biggest search engine, stopped accepting Bitcoins after the nation’s central bank barred financial institutions from handling transactions, triggering a drop in the virtual currency….

[$$] Bitcoin Prices Slide on China's Concerns
Sat, 07 Dec 2013 05:59:55 GMT
The Wall Street Journal – Bitcoin prices tumbled almost 13% after an affiliate of China's biggest Internet search company stopped accepting payment in the virtual currency.

Another Bitcoin Virtual Currency Crush from China, via Baidu
Fri, 06 Dec 2013 20:20:20 GMT
24/7 Wall St. – Baidu, Inc. (NASDAQ: BIDU) is likely one of the key reasons that Bitcoin has been able to rise handily and gain more adoption. After all, when the largest search engine site in China started accepting …

Baidu Stops Accepting Bitcoins After China Ban
Fri, 06 Dec 2013 20:19:44 GMT
Bloomberg – Baidu Inc., China’s top search engine, stopped accepting Bitcoins after China’s central bank barred financial institutions from handling transactions, triggering a drop in the virtual currency’s value….

Bitcoin price plunges on Baidu payment ban
Fri, 06 Dec 2013 19:39:30 GMT
MarketWatch – NEW YORK (MarketWatch) — The price of bitcoin fell over 24% from its daily high on Friday after Chinese Internet company Baidu said it would stop accepting the digital currency for service payments, according …

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