I opened $BABA 20241122 90.0 PUT$  ,BABA: collect 1.8% premium on this cash secured put with strike at $90 which is 8% lower than current rate. contracts expires in 30 days on 22nd Nov. The Chinese counters including BABA had came down fairly fast after the initial rally in late Sept, now it seems to repeat its gloom cycle once more. Positoning myself to reenter back some positions after letting go about 80% of what I used to hold.
BABA PUT
10-23 23:54
US20241122 90.0
SidePriceRealized P&L
Sell
Open
1.63-14.72%
Holding
Alibaba
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  • EmilyMark
    ·10-24
    Nice strategy
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