BIDU (June)
BIDU dropped back down to the 70-75 range last Thursday and went it appeared it was going back over 75, I took the positions off that had any value. The final tally on the trade was about a 20% gain.
NTAP PCCRC
No changes in the last week to NTAP although the p/l has taken a hit. Currently it is near breakeven.
BIDU Diagonal
I am still bullish on BIDU so Friday I opened a diagonal. The trade was long the Sep 62 and short the Jul 80 for 13.97 debit. With BIDU going up 2 points today, the position shows a 9% profit.
IWM
I also plan to enter a diagonal in IWM. Today I opened the long portion by buying the Sep5 59 call for 9.09. I plan to sell a short Jul call later, hopefully after IWM goes up some.
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