Baidu (BIDU) Offering Possible 5.6% Return Over the Next 3 Calendar Days

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Baidu’s most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $220.00 short put and a strike $210.00 long put offers a potential 5.6% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $9.47 would be incurred if the stock dropped below the $210.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Baidu is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Baidu is bullish.

The RSI indicator is at 48.15 level which suggests that the stock is neither overbought nor oversold at this time.

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