$Alibaba(BABA)$ sell? Or hold?

$Alibaba(BABA)$ sell? Or hold? Or buy more?

Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.

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Flochin
01-07
Flochin
I’m assuming you have 100 shares or more. If so, u can consider selling covered call which expires in 2 days. $155 calls could fetch >$1 premium. BABA is currently on volatile downtrend. If the price rebounds to above $155, then effectively u will get about $156 for your shares by this Friday. Otherwise u keep the $1+ premium. Happy investing

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