BABA Alibaba Options Ahead of Earnings
Updated
If you haven`t exited BABA when SoftBank sold its huge stake in the company:
nor reentered the technical rebound:
Then analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
nor reentered the technical rebound:
Then analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade active
BABA calls were in the money this week, with the stock trading at $78.21. I haven't monitored the options, but they were certainly profitable back then.
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TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
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