BIDU Update

The BIDU call position (Feb 13th $105) is still open, I don't care for the shorter charts, but this is one of the very few stocks that has an interesting intermediate chart, I will probably leave it open because of that and as a hedge of sorts, if it weren't useful as a hedge, I think I'd close it.

This is a relative positive divergence on a 15 min chart, it can also be seen on a 10, 30 and 60 minute, although in many of those cases the positive divergence is within a larger leading negative, but the first move would still be to the upside.

This is exactly the kind of position I don't like to be put in with options, but unless something really slides badly to change my mind, I'll keep it as an open position for now.