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?

Now initially I had a gut feeling that BIDU wa…