In the daily chart, I am taking the view that Baba is currently trading in a range between $127 to $148. Since price has dropped to the lower level, I have decided to open the Bull Put spread with the short put at $125.
I may plan to cut loss or roll to lower strikes if the price drops below $125.
$BABA VERTICAL 250502 PUT 125.0/PUT 120.0$
Happy trading😁
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.07 1 | -- Holding |
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Hi