I opened $BABA 20241004 90.0 CALL$  ,BABA: collect 1.15% premium on this covered call with higher strike at $90 which is about 9% higher than when the call was sold. Contract will expire in 31 days on 4th Oct. The strike at $90 was near recent high made in May and earnings also already passes. Don’t see much catalyst beyond following market movement and overall China state of economy. It also seemed to sold off with a poor PDD earnings which is of less relevance. Continue to sell calls to collect premium until all shares were called away.
BABA CALL
09-03 22:17
US20241004 90.0
SidePriceRealized P&L
Sell
Open
1.05--
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

Comment2

  • Top
  • Latest
  • KittyBruno
    ·09-03
    Awesome covered call strategy on BABA
    Reply
    Report
  • 梓坚
    ·09-04
    👍👍
    Reply
    Report