I opened
$Alibaba(BABA)$ ,BABA: Bought in BABA at $79 after the Cash Secured Puts sold on 14 Nov goes in the money as BABA dropped a further 13% from my buy price. Overall BABA price after discounting the premium received is $77.40 vs. current price at $72.14. Will be selling covered call to continue collection options premium.
Trading OrderSymbol | Side | Price | Filled time |
---|
| Buy Open | 79.0 | 2023-12-0915:51:15 |
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Comments
Do you think there's potential for it to rebound, or are you bracing for more downward pressure in the near future?
Our experience with BABA so far seems like a rollercoaster ride!