Long BABA by selling July put spread 133/125
Baba seems turn back to up trend. I would setup a new long position by selling July put spread:
Positoin. -1x133, 1x125
Premium: $1.65
Breakeven: 131.25
Pop%: 72%
Target profi: 50% of premium
Positoin. -1x133, 1x125
Premium: $1.65
Breakeven: 131.25
Pop%: 72%
Target profi: 50% of premium
Trade closed: target reached
Closed the position by buying back the Put Spread in $0.75. The profit is quick and easy $0.9.
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