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
# Trade Feed: Who is your favorite star traders?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment10

  • Top
  • Latest
  • KittyBruno
    ·05-15
    TOP
    Nice strategy there! Sincerely hope it works out for you. 🤞🏼
    Reply
    Report
    Fold Replies
    • waikin11
      thank you for your kind comment :)
      05-16
      Reply
      Report
  • sullivan_Rlo
    ·05-15
    TOP

    Tencent better than Ali imo

    Reply
    Report
    Fold Replies
    • waikin11
      i dont disagree with you but Tencent option is not available in the US market
      05-15
      Reply
      Report
  • AfraSimon
    ·05-15
    TOP
    Even if the stock falls below 70, you're open to assignment.
    Reply
    Report
    Fold Replies
    • 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
      Reply
      Report
  • waikin11
    ·05-16
    //@Moah:

    Great ariticle, would you like to share it?

    Reply
    Report
  • Moah
    ·05-16

    Great ariticle, would you like to share it?

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