I am looking for BABA to get into the $196 - $204 area to make a run to $219 for earnings.
There are some really strong buy levels above, and over 40% avg vol from $185-187, so i believe this will act as good support.
Overhead there are some major levels, would be surprised if we do not test them next week.
Let me know your thoughts, good luck!
There are some really strong buy levels above, and over 40% avg vol from $185-187, so i believe this will act as good support.
Overhead there are some major levels, would be surprised if we do not test them next week.
Let me know your thoughts, good luck!
Catatan
Closed at $194.48, up $1.58 from when I charted this.I added some calls options for June near the low of the day, but the IV dropped so the +$1.58 profits were minimal.
I think next week will be more favorable for this, overall very happy with this position.
Catatan
Patience is the key, just crossed $205Catatan
Unloaded all of my $205 calls today, still holding shares through this week.Catatan
Trimmed 3/4 of position, very happy with this trade, clearly...Catatan
Out of the rest ! Going to make small position in $212.5 puts for January
Catatan
July*
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.