50%, 85% & 400% Profits from BIDU May 100 Calls, Still Waiting on GM June 25 Puts, Part II
27 April 2007 - Well today, when BIDU gapped up over 19% to $130 a share, I closed out the remaining BIDU May 100 Calls at 400% profits. Yesterday I took a little bit more off the table at 85% profits, and as you recall, I initially took 50% off the table at 50% profits. Not bad for less than 14 days, right?
![bidu call options bidu call options](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5903dd7-f7a0-4655-88ed-2ce33ad37e1b_365x300.jpeg)
Now initially I had a gut feeling that BIDU wa…
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