cb247
Short

BABA naked call short options strategy

NYSE:BABA   Alibaba Group Holdings Ltd.
Why put on this naked call short options strategy?
1. IV Rank was 61%
2. mid-term bearish
3. skew to the call side

collected $2.49 premium.
use 190 strike , 79% probability of profit
use Nov 17 expiration date, more premium
take profit at 1/3 - 3/4 of credit collected.
stop loss at 2x of premium collected or roll out to next month.
Sep 17
Trade closed: target reached: 1/2 target achieved, close another winning trade!
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