I opened $BABA 20240531 87.0 CALL$  ,BABA: sold new covered call with higher strike at $87. Expiring on 31st May which is 29 days away with premium at 1.1% if expire worthless. BABA moved up about 18% in the past 2 weeks showing strength and broke through the 100 days and 150 days MA with ease. It had also broke through its channel high of around $78 but now testing at 200 days MA at around $80. Look forward for BABA to stay above $80 to show strength else it might fail and reverse back. Happy to let BABA go if it hit strike price.
Trading Order
SymbolSidePriceFilled time
BABA CALL
US20240531 87.0
Sell
Open
1.02024-05-0222:24:44
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