Closed my Baidu (BIDU) earnings trade this morning at a total price of $3.82, an overnight return of 20.5% per spread. See here for my entry. Below is the timestamped (PDT) tweet of my exit:
The move on earnings was more than was priced-in but luckily I structured a wider trade. Even then, the stock dipped below my short strike in the after-hours session. At the open, BIDU began grinding higher so I took profits. Overall, this was an excellent trade!
