Options Oracle: 08/24/2012

Baidu has been a great trading stock and it looks like we’ll have another opportunity to take profits out of this long call position. Our goal is to buy the LEAP, wait for the stock to move higher and then sell front month calls against the long leap to collect a premium and lower the cost basis of the long leap position.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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