I made a mistake in the closing price on BIDU.
In the text of the play update section I listed the closing price at $2.60 and in the portfolio graphic. In the play history graphic I listed it correctly at $2.80. I am reposting the portfolio update graphic and the play description text to correct those errors. I must have had $2.60 on my mind from the VMW email I answered in the commentary. My error.
Current Position Changes
BIDU - Baidu (Stopped out)
BIDU hit our stop at $104.95 at 10:50 this morning with the option trading at $2.80. That represents a 65-cent loss on the position. Given the decline in the Nasdaq this morning I believe we were fortunate to escape with a minor loss.
January Recommendation History