tag:blogger.com,1999:blog-4749115770202162460.post2155068774973350618..comments2023-08-05T09:59:40.423-04:00Comments on Jim Kingsland's Financial Balderdash: Baidu.com (BIDU) - A Curious Options TradeAnonymoushttp://www.blogger.com/profile/07411606067910659252noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4749115770202162460.post-87410471157449735222007-03-09T13:52:00.000-05:002007-03-09T13:52:00.000-05:00Another possibility is that it's a straight bearis...Another possibility is that it's a straight bearish bet on BIDU over the next week. In which case, the person who bought those puts is a very smart person! His $12 million bet is up 17% or $2 million bucks!Lawrence Chiuhttps://www.blogger.com/profile/05412184365085411757noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-22714448975526208712007-03-09T11:01:00.000-05:002007-03-09T11:01:00.000-05:00no, i said it right. There are 2 sides. One guy bu...no, i said it right. There are 2 sides. One guy buys stock and buys deep puts in order to get himself long the stock. The other guy takes the opposite side for maybe a penny, or the short interest he might earn if he doesn't get assigned the puts.Adamhttps://www.blogger.com/profile/13212173199588282847noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-47257050651602385682007-03-09T08:43:00.000-05:002007-03-09T08:43:00.000-05:00I think you meant to say "so did this to get short...I think you meant to say "so did this to get short some stock" since the trade involved buying puts.Lawrence Chiuhttps://www.blogger.com/profile/05412184365085411757noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-38317697548729933932007-03-09T07:51:00.000-05:002007-03-09T07:51:00.000-05:00a trade like that in BIDU March 125 puts is probab...a trade like that in BIDU March 125 puts is probably just paired vs. stock and prearranged as a package. Someone maybe couldn't borrow it, so did this to get long some stock.<BR/><BR/>The Aprils though, that could be something more.Adamhttps://www.blogger.com/profile/13212173199588282847noreply@blogger.com