BABA - Alibaba
Updated
Good time to sell some premium against my long shares here in high IV. I went with a downside put ratio, no risk to the upside.
Oct18 150/155 put ratio for $1.47 cr.
Downside breakeven is $143.53. I will continue to roll out $150 put if I have to.
Oct18 150/155 put ratio for $1.47 cr.
Downside breakeven is $143.53. I will continue to roll out $150 put if I have to.
Trade active
Adding the $180/185 call ratio on top of this play to help reduce basis and possibly capture a bit more upside in Oct18 cycle. $.24 cr.Breakeven is 190.24.
Trade active
Closing the put ratio here on the up move for 50% win, $.75 db.Trade closed manually
Closing the call ratio here for $.14 db.
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