$Alibaba(09988)$ I have not av

I have not average down since my last post on HST, instead I sold a cash secured PUT with strike price of 145. If it goes into the money, this will be my last attempt in averaging down for Alibaba.

I am maintaining sufficient cash for potential correction in the US market - SPY has broken the strong 50 MA support. Despite yesterday rise, it is still possible that SPY will hit the 50 MA support-turned-resistance and continue the downtrend.

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Comments

ALearner
2021-09-26
ALearner
Just curious, what is the % of BABA in your total porTfolio?
- ALearner:
  Ic, good luck to all of us. I aM also holding tencent, tIger, huya, on top of baba , cannot afford to average down for all ?
- WatsonA:
  If I calculate it based on the cost price, it is nearly 20%. If my long PUT is assigned, it will be pushed up to 25% or less. This is also the reason why the long PUT is my last attempt to avg down.
lynlion
2021-09-24
lynlion
No worry, buy more when dip
logostauros
2021-09-23
logostauros
good strategy

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If it goes into the money, this will be my last attempt in averaging down for Alibaba.&nbsp;I am maintaining sufficient cash for potential correction in the US market - SPY has broken the strong 50 MA support. Despite yesterday rise, it is still possible that SPY will hit the 50 MA support-turned-resistance and continue the downtrend.&nbsp;<img src=\"https://static.tigerbbs.com/6ca11ec930fd32306587a7b8b5989a81\" tg-width=\"1080\" tg-height=\"1920\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a> <a href=\"https://laohu8.com/S/09988\"></a>I have not average down since my last post on HST, instead I sold a cash secured PUT with strike price of 145. If it goes into the money, this will be my last attempt in averaging down for Alibaba.&nbsp;I am maintaining sufficient cash for potential correction in the US market - SPY has broken the strong 50 MA support. 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