AAPL/BIDU

I'm holding the weekly calls in both and also the September Puts.

The action in both this morning looks very parabolic, almost stop hunting, I never trust parabolic moves so I'll hold for now. We also can't forget the F_E_D knee jerk reaction, although how any one is surprised Bernie didn't announce QE3 is beyond me? This now becomes all about the ECB today. I feel fine also with the September put positions.

 AAPL 1 min still relative positive, but clearly negative on the open.

 AAPL 5 min relative positive.

 BIDU clearly negative on the open, but why such a parabolic move? I believe it must have something to do with stop hunting.

 BIDU 2 min is in line.

5 min is still relative positive.