Four days before Baidu reported, I told readers I’d sold a cash-secured put on the stock. The reasoning was in my August note: the valuation already priced in a lot of bad news, the AI…
On August 14, 2026, after spending 45 minutes staring at the Baidu options chain and arguing with myself, I sold one BIDU put: $80 strike, June 17, 2027 expiration, $6.00 per share in premium. One…
I bought my first tranche of Baidu back when everyone still called it “the Google of China” as a lazy elevator pitch, and I want to open with an admission that still stings a little:…