As I mentioned in Monday’s Weekly Update, I would be looking to reenter Alibaba (BABA). The stock continues to trade well, giving us an opportunity this afternoon to open another call position. In an aggressive play, put in a limit order to buy to open BABA October $85 calls (exp. 10/31) at $6.50 or under. Please note that there is a wide spread for the option, so stay disciplined and do not chase it if it spikes above our buy limit.