Swing Traders Ride Momentum in $BIDU

Option Swing traders in our TNT and TNT Pro Options Trading Newsletter were able to jump in this bonus analysis of Baidu($BIDU).

TNT and TNT Pro traders that reviewed the initial stock analysis webinar on Tuesday May 29th were able to spot the well defined opportunity as the stock was trading around the 50,100, and 200 day simple moving averages.  On Tuesday the stock rallied to touch the 100 day SMA and failed to break.  A small handful of subscribers reported playing the downside as the stock broke the 50 day on Wednesday the 30th.  On the 31st the stock again rallied to touch the 100 day SMA but fell all the way back down to the 50.  This coil was ready to explode.

On June 1st, subscribers were able to see the coil pop fro our analysis on Thursday.

Traders rode the momentum and were able to roll their options.  Most subscribers jumped into the 245 calls that expired that day for about $2.00.

The stock opened at $245.39  and broke the 100 day sma.  It then ran to  a high of $251 and closed $248.46.   The 245 strike call options traded as high as $6.00 intrinsically.  Subscribers reported rolling their options along the way to take a range of profits from 65-169% return. 

Congrats to these subscribers:

Andrew M +156%
Tony F. + 65%
Nick P.  +169%
Paul d. +115%
C B +150%