TonyTham
05-15

nice

@Terra Incognita：
I closed $BABA 20240524 67.0 PUT$ ,BABA: close this cash secured put with BABA with 94% of max profit about 10 days before expire. In total, collected 1.25% over a period of 21 days. BABA had a good 24% run up from its bottom in less than 1 month so took the opportunity to cash out on the cash secured puts. After hitting the top of $85, it’s currently rejected down back to $80.7 as of postings. Still bullish if BABA can maintain above $80 which is above its 200 days MA support line.
I closed $BABA 20240524 67.0 PUT$ ,BABA: close this cash secured put with BABA with 94% of max profit about 10 days before expire. In total, collected 1.25% over a period of 21 days. BABA had a good 24% run up from its bottom in less than 1 month so took the opportunity to cash out on the cash secured puts. After hitting the top of $85, it’s currently rejected down back to $80.7 as of postings. Still bullish if BABA can maintain above $80 which is above its 200 days MA support line.

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