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

Note

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

Note

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

Note

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

Note

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

Note

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!!!!

Tidal_0BX

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Tidal_0BX