BABA didn't move much FOMC

Gonna take a long position in July with call spreads in BABA
It's been beat down for a while now
All the China government stuff has got to be done with?
China not growing as fast as before is the headwind
But I like it holding the long term support and breaking higher
As long as the market holds up in general
looking for 220 level

Comment:

Ended up getting filled yesterday on the 220/230 call spreads for July opex monthly
now that QQQ is back on highs I put on a small bearish, near dated put spread position as a bit of a hedge against BABA
Not perfect but I think it will serve its purpose

Comment:

Closed the QQQ hedge yesterday morning....
Reloaded EOD
Closed again this morning
Back to long BABA with no Q hedge

Comment:

Took profit on the BABA spreads...
Broad market risk is to downside
Will reload if given opportunity
Will chase is BABA break above 214

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Did reload 215/225 July call spreads in BABA last Friday 18th
Closed yesterday for profit

Comment:

So this ended up being 2 successful trades for BABA
But only a couple single....could of been a homerun seeing how I was in around 210 and BABA hit 230 on Friday
Let winners run...follow through...do better!!!!