DailyPlay – Closing Trade (BIDU) – April 2, 2025

Closing Trade

BIDU – 32% loss: Buy to Close 5 Contracts (or 100% of your Contracts) May 2 $94/$87 Put Vertical Spreads @ $3.32 Debit. DailyPlay Portfolio: By Closing all 5 Contracts, we will be paying $1,660. We initially opened these 5 Contracts on March 17 @ $2.13 Credit. Our loss, therefore, is $119 per contract. The margin requirement per contract is $700 and we received a Credit of $507 per contract giving us a net margin requirement of $368. Our loss is $119 per contract which gives us a net loss of 32%.