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Feb 4, 2024 2:56 PM

BABA Alibaba Options Ahead of Earnings Long

Alibaba Group Holding LimitedNYSE

Description

If you haven`t exited BABA when SoftBank sold its huge stake in the company:

nor reentered the technical rebound:


Then analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade active

BABA calls were in the money this week, with the stock trading at $78.21. I haven't monitored the options, but they were certainly profitable back then.
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