 Hey folks, good morning. It's Hari Swaminathan from optiontiger.com Friday June 29th. I'm looking at Baidu for a potential trade here. As you can see after its earnings it went up and here there was the news that their CEO had resigned and so it got beaten up and then it recovered somewhat and now along with the rest of the markets it's been dipping down. Here as you can see it's gone down below the Bollinger Band. The CCI is also very oversold. Looks like some supporters coming in over here. There was a large volume bar. However it remains to be seen at least for one more day whether this can sustain itself. Markets have turned somewhat positive with the ES also looking positive on the future. So what would be a good trade? I wouldn't go straight up on a long call because we don't know if that's the case but what we can say is something like a bare call, I'm sorry a bull put somewhere around the 225 level would be good. So what I have here is a 21 day series right here expiring on 20th July and if you look I have a bull put here. It's a credit spread. You get 73 cents. It's a $5 spread so that's about 14% in about 21 days. So if you look at the risk profile that's what it looks like. Baidu is at 242 which is right here and of course if you look at the Delta as well of this option it's about 18. So it's below 20 that's good and you don't want to go too far out also. I think Baidu might especially given that the charts are saying that there's some support coming in. Something like a bull put at the 225 level would be a decent trade with about a 14% return in about 21 days but I think we need to wait for one more day I think to make sure that this can turn around before we put this trade but perhaps on Monday this trade can go in as a pretty decent 14% trade on Baidu. Thanks.