I'm actually going to add to the BIDU call position using August $110, it's a very small position as I don't want to get in deeper than the original speculative position. I'm not adding this as a way to average down, I like the charts here and usually would have used a longer dated option (even for short term trades), I view the $112.75 area as being decisive for a BIDU momentum or short squeeze move up.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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