Alibaba (BABA) broke through $100 October 31, and has had almost a straight shot up to $120 since then. While the stock has recently pulled back, I expect it to make another attempt to its new all-time high over the next few weeks. Let’s play the potential strength and buy to open BABA November $110 calls (exp. 11/28) at $5.80 or under. This is an aggressive trade.
BABA November $110 Calls: New Aggressive Trade
Alibaba (BABA) broke through $100 October 31, and has had almost a straight shot up to $120 since then. While the stock has recently pulled back, I expect it to make another attempt to its new all-time high over the next few weeks. Let’s play the potential strength and buy to open BABA November $110 calls (exp. 11/28) at $5.80 or under. This is an aggressive trade.