$Alibaba(09988)$ these days it has nearly become a trend to see China Tech stocks bouncing back 20% in very short term. It happens like every 3 mths. When market is running out of bad news, the dry powder will find ways to make the money work. Hence, those hear say of reopening and early audit conclusion. I will take it with a pinch of salt. I have decided not to sell baba calls until the fog is clear. Afterall, the IV rank is not great. Look forward to another great singles day 11.11. May the force be with us!
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