Right there with you Jimmybob, took some lickings with BIDU like ohhhh I want to say 90% of the board. It looked very promising. I don't like to loose so I picked up some $145 w CALLs EOD for $$0.50. I would like to recover at least 50% of what was lost today. if this goes ITM by next Wednesday it just might work. I am back to $5k cash and devising a new game plan. I figure if you can do it with 2k I can make 50% of what you do with 5k :-)
Still holding Mar 17 BAC $8 PUTs (Shorted) and Mar $9 CALLs. a while back when BAC was $7.50 I picked up some $7 PUTs, as you can see it hasn't exactly worked out for that one. when BAC becomes profitable (BAC at $8.50 my $8 PUTs will be profitable) I will buy back the short position and try elsewhere.
I feel your losses bro! As a matter of fact I think we all have. Even with your loses you're still at least 70% which is friggen amazing.
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