Monday, November 17, 2008

BIDU puts = Big $$$... But i missed it

Well, someone called a drop off on BIDU last week. It was pounded today. Too bad it didnt move my FXI puts anywhere. BIDU puts were huge. $5 this past Fridy = $250 today.

Otherwise, the market is boring... and even bears have added a number of long positions. The lack of buyers is keeping things here.

The eco news this week likely will tip the scale either way.

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