Alibaba Group Holding Ltd. BABA – Review
On Friday morning, apart from recapping the amazing options idea we proffered in last week’s reports, we formulated one final fresh idea for the week. That was the BABA Weekly $165-162.50 Puts, and the performance there did not disappoint.
We sussed out multibag options gainers all week long, and this short on BABA was a solid way to cap it all off. The $165 Puts ran from a low of .78 and reached 2.26, for an intraday gain of 190% The $162.50′s also fared quite well, running from 1.84-4.36, which represents a 137% rip.
SPDR S&P500 (ETF) SPY – Fresh Idea
In light of present conditions we’re observing, we’ll be staying on the short side of things with our fresh idea for today. We’re going to radar the SPY Weekly $290-288 Puts.
Allakos, Inc. ALLK 08/16 $45-60 Calls
Boeing, Inc. BA 09/06 $340-350 Calls
CEI, OESX, AYTU, FBIO, SAND, USLV