Monday, October 11, 2010

GOOG BIDU Bull Puts

Short 1 GOOG OCT 15 490 Put @ 0.55 (+$55)
Long 1 GOOG OCT 15 480 Put @ 0.31 (-$31) =$24 less comm.

Short 6 BIDU OCT 15 90 Put @ 0.18 (+$108)
Long 6 BIDU OCT 15 85 Put @ 0.08 (-$48) =$50 less comm.

Therefore if these stocks stay above their short puts (highlighted line) by the close this friday, I collected $74 profit from premium.




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