jgeno
Long

BABA $160 Options-Light traffic ahead

NYSE:BABA   Alibaba Group Holdings Ltd.
so now there a fall five weave pattern has been completed, technically we have to correct which typically would bring you down to the 50 or to the 618. So by drawing a pitchfork to wear the football is headed I could still estimate that $160 target to be hit prior to the December 14 expiration... I’m on showing a 187% profit if it hits, here’s the link to Options PROFITS calculator, it’s dope. but these deltas ABSOLUTELY change as soon as stock crosses above the 382. Same thing happened w AMZN last week.


http://opcalc.com/s4k3

Soon as it crossed above $1696, ZZZOOMM ZZOOM that thing took off.
The Delta went FROM 0.31, to 0.62, to screen shots, couldn’t believe it.
Nov 28
Trade closed: target reached: BOOM!! BABA will open above $160 today.. target reached and prior to Dec 14th call option expiration... However, my call was for $160 by thanksgiving, so I was off by almost a week :(

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