stock trading, stock share

[Opening Iron Condor on Baidu.com (BIDU)] Dear Member: Since October, Baidu.com (BIDU) has been trading in a range between about 290 and 430. I am going to try to take advantage of the stock remaining in the range by opening an iron condor with a Jan expiration for a credit before commission of $2.50 a share. If filled, the risk would be $7.50 a share for a monthly return on risk of 33% if no adjustments are made and the stock price stays between the two short legs (the legs I am selling). The following is the order with all legs to be filled simultaneously at an overall credit limit of $2.50: Buy to Open Jan 280 puts (BDUMX) Sell to Open Jan 290 puts (BDUMY) Sell to Open Jan 430 calls (BPJAF) Buy to Open Jan 440 calls (BPJAH) DISCLOSURE; At the time of publication, I have no position in the referenced options or the underlying stock. Sincerely, Bill Kraft
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