The announcement of Google is ready to quit China's market is a huge bomb to the Internet stock recently, especially Baidu, the No.1 search engine company in China, whose stock price surged more than 30% in two days.
I bought some Feb. put option of Baidu this morning, hoping a correction will bring some money to me. Let's wait and see. But I can hold those put for too long, no more than 2 weeks as the time value is decreasing fast for the near term options. I should close this position by the end of Jan.
I bought some Jan. call option of Google this morning and sold it in the afternoon. I bought it in 2.8 and sold it at 5. Such a quick move, anyway, it's like a gambling, just for fun.
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