@Pilates:
I opened $BABA 20240927 84.0 CALL$ ,4 out of 4 option placement for Call Broken wing strategy which takes out risk on one side. In this case it’s the “bearish scenario” or in my opinion the pull back. This strategy involves : * 1 Buy call above stock price * 2 Sell call at where u think the price may hit on expiry * 1 Buy Call slightly below ur Sell call. It’s a credit strategy with limited loss. Current stock price : $87.64 Buy call $91 strike : -$0.50 premium Sell call x 2 $85 strike : $3.33 and $3.35= $6.68 Buy Call $84 strike : -$4.05 Total received : $2.13*100 =$213