BABA was one of the trades I try not to make, but talk myself into every few years. It sounded hot and promising, but was overvalued. It might have a fantastic future, but it still has too much unknown about it for now. After it was accused of selling counterfeit goods through its network of…
Tag: BABA
Options Expiration – January 2015
I had more option contracts make it all of the way to today’s expiration than I’ve had in a very long time. Coming into the day, I had one DIS January $90 naked put ($285.51 profit), two UWM January $73 naked puts ($1,160.09 profit), two UWM January $75 naked puts ($1,598.24 profit), one BABA January $110 naked put…
Rolled DIS and BABA Options
A few days ago, I entered a limit order to close my DIS put that I sold near the bottom of the stock’s recent correction. Within the first two minutes of trading today, my order hit and while DIS was trading at $90.34, I bought to close my one DIS December $82.50 put for $0.30…
Sold BABA December Naked Put
As I mentioned in my update yesterday, I was under-invested and felt the need to add some more risk and upside potential to my account. My small and mid-cap allocation in ETFs takes up roughly 27% and 24% of my account respectfully. I have no large-cap or international ETFs in my account, but I have some…
YHOO, BABA and TLT Option Updates
This was a good week in general for my account. Everything I owned improved, except for my BA put, but I’m not worried about it long-term. Yahoo jumped high enough to make my November options extremely cheap, so I decided to close them today. While YHOO was trading at $43.01, I bought to close three…
Sold BABA Naked Put
Options on Alibaba (BABA) started trading today and I decided to jump in while the volatility was still high and the option premiums are rich. While BABA was trading at $89.04, I sold one BABA November $80 naked put for $1.76 and received $175.21 after paying $0.79 in commission. I should’ve made my trade earlier in…