BABA key levels for ER an run
Updated
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!
Comment
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.
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Patience is the key, just crossed $205Comment
Unloaded all of my $205 calls today, still holding shares through this week.Comment
Trimmed 3/4 of position, very happy with this trade, clearly...Comment
Out of the rest ! Going to make small position in $212.5 puts for January
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July*
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