Long BABA by selling July put spread 133/125
Baba seems turn back to up trend. I would setup a new long position by selling July put spread:
Positoin. -1x133, 1x125
Premium: $1.65
Breakeven: 131.25
Pop%: 72%
Target profi: 50% of premium
Positoin. -1x133, 1x125
Premium: $1.65
Breakeven: 131.25
Pop%: 72%
Target profi: 50% of premium
Trade closed: target reached
Closed the position by buying back the Put Spread in $0.75. The profit is quick and easy $0.9.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.