[Earnings Season] Alibaba recent rise 85 to 97.5 sell put90
@Optionspuppy：
Alibaba beats estimafes by 10.83% in its latest earningss $Alibaba(09988)$ Q1 2023EPS beaten by 10.83% very bullis EPS Expected 10.58 Reported 11.73 10.83% Revenue Expected 203.80B Reported 205.56B$Alibaba(09988)$$Alibaba(BABA)$All beats estimates that's the reason of baba recovery from recent rise 85 to 97.5 I will sell put at 80 to 90 With $1.5 to $3 of premium . In the event of assigned I will sell call at 80 to 90 and hope prices no longer fall much . In a sign of confidence about its business, Alibaba announced it would increase its buyback program to $25 billion from $15 billion. It's already bought back 56.2 million shar
