Updated

BABA zoom out perspective observation

Just to get some perspective, I zoomed out to BABA 14 month trend channel/s. The most striking observation to me, was the total volume of shares sold in only the past 2 weeks. It was 325 million, which is historically abnormal, even way more than in March. hmm, curious. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

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Note

This week ending 11/20 is monthly options expiry, Q3 earnings completion & JD earnings 11/16 am, so more likely than not, expect some big moves.

Note

*speculative play* It looks like BABA has bean beaten down enough now. It’s been moving Kinda sideways for 3 days. Plus, with the surprise news effect we saw on TSLA yesterday, I just entered a low equity risk (High technical risk) play on a couple BABA $265 call 11/20, just for fun and luck if they pan out...

Note

It’s time to go long shares. And even long calls, but only a small fraction of equity value bc there’s a high risk for a draw down / loss. Current share price is sitting right above 200EMA, volume ema has turned up, RSI is oversold. And to state the obvious, from a fundamental analysis, BABA is a deal now in relation to it’s earnings and revenue growth.

Note

Eloquent new article on the nuts and bolts of BABA: seekingalpha.com/article/4389900-rare-opportunity-to-get-on-baba-train

Trade active

Looking for a good entry on a 12/18 $240 call today.

Trade closed manually

That didn't work out, lol. liquidated 11/20 calls at 9:31

Note

$240, 250 & 260 12/18 calls

Note

I'm actually anticipating a huge weekend gap jump for Monday. Unfortunately, it looks like China economy is the only one growing +% for the near future. I just added a bunch of 282.5call11/27 at 9:50am. This is speculative, only low equity risk. I don't want to wake up Monday to a gigantic pop I missed. Ha. If it doesn't do a weekend jump I'll just liquidate and it is what it is.

Options360

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