If I could add to my equity short in BIDU I would, but I have a rule about max position sizes, instead I'm going with about a 1/2 size BIDU April $185 Put which is discounted by about a third today.
I'm leaving a little room on the position because it's just above that resistance level, if it adds a bit more to clear it cleanly tomorrow, I'll add the rest of the full position.
5 years ago
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