High IV Rank Trade Put on $BIDU #BIDU

Will be most likely holding into earnings. If the market uses mean reversion & we see it trend back to the mean **after earnings breakout** will add to this position.
GL

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-22%

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-8.1%

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-58%

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Closed this trade at a 80% loss. Big loser. Good risk mgmt though! With defined risk I find it is easier to manage risk properly, an essential skill I am still developing.