I opened 5 lot(s) $BABA 20240517 70.0 PUT$  ,Entered into this short put trade to build a strangle position since I already have a short call position at 100 strike, min margin required to generate annualised ROI >20%. I also don’t mind having it assigned if it falls below 70 this Friday. Earnings disappointment mainly due to mark-to-market losses on public-listed investments, seem to be over reaction as China stock market has been performing well since April.
BABA PUT
05-15 01:01
US20240517 70.0
SidePrice | FilledRealized P&L
Sell
Open
0.02
5Lot(s)
--
Closed
Alibaba
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  • KittyBruno
    ·05-15
    TOP
    Nice strategy there! Sincerely hope it works out for you. 🤞🏼
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    • waikin11
      thank you for your kind comment :)
      05-16
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  • SullivanRrr
    ·05-15
    TOP

    Tencent better than Ali imo

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    • waikin11
      i dont disagree with you but Tencent option is not available in the US market
      05-15
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  • AfraSimon
    ·05-15
    TOP
    Even if the stock falls below 70, you're open to assignment.
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    • waikin11
      yes, 70 is a good entry point, business performance is solid. Markk-to-market losses is just book losses unless the manangement decides to realise it which i dont think so.
      05-16
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  • waikin11
    ·05-16
    //@Moah:

    Great ariticle, would you like to share it?

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  • Moah
    ·05-16

    Great ariticle, would you like to share it?

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  • Shenpwe
    ·05-15
    👍
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  • Nggimseng
    ·05-15
    Nice
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