Baba Do or die time.The way this stock is looking. Looks like long term uptrend may be protected. baba possible 235 by end of april. resistance at 230. A break above that $250 or higher is on the table. Breakdown below 210, 200 should hold. Oh and also important. 3.5 Million dollars of alibaba 210 puts sold for July.
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The nearest expiration date for Alibaba Group Holding Limited Futures is Jul 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Alibaba Group Holding Limited Futures before Jul 30, 2025.