I opened $BABA VERTICAL 241108 PUT 99.0/PUT 94.0$  ,In the daily chart, price looks to form higher lows. The william %R is also showing oversold region. And price looks to be supported by 20 moving average. Therefore, I decided to open this trade. For managing risk, If price drops below $97.5, I will close the trade. I will take profit if more than 70% of the premium is collected or share price reaches $116 and is profitable.
BABA Vertical
10-18 23:51
US99.0/94.0
SidePriceRealized P&L
Credit
Open
-1.54--
Holding
BABA VERTICAL 241108 PUT 99.0/PUT 94.0
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