Alibaba (BABA) Looks Appealing After Strong First Quarter Results
Several analysts expect more upside for BABA’s stock price. Check out what the following two reports had to say about it - Post-Earnings Alibaba (BABA) Opportunity and Will Alibaba Be the Next Trillion-Dollar Giant?
____________ advertisment ______________
Airbnb Plans Confidential IPO
Airbnb will be the biggest IPO of 2020. Yet the company's planning a CONFIDENTIAL IPO. And it's designed to keep important details completely private.
Top private equity firms aren’t waiting for the IPO. They're scooping up shares right now. And my special report reveals urgent details.
Click here to download the FREE report: Inside Airbnb's Confidential IPO
______________________________________
Technicals
From a technical perspective, BABA has been consolidating within a triangle for the better part of two months. More specifically, the stock is holding in an ascending triangle, a pattern that is bullish. The stock has not yet broken higher from it, but the recent upward momentum hints that it is only a matter of time. Typically, when a consolidation pattern like this is broken, the stock sees a renewal of upward momentum.
*source Tradingview.com
If you agree there's further upside ahead for BABA, consider this trade, which is a bet that the stock will continue to advance over the next five weeks, or at least not decline by much.
Buy To Open BABA 25SEP20 262.5 Puts (BABA200925P262.5)
Sell To Open BABA 25SEP20 265 Puts (BABA200925P265) for a credit of $1.23 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when BABA was trading near $266. Unless the stock rallies quickly from here, you should be able to get close to this amount.
Your commission on this trade will be only $1.30 per spread. Each spread would then yield $121.70 while your buying power would be reduced by $250, making your net investment $128.30 ($250 – $121.70). If BABA closes at any price above $265 on September 25, both options would expire worthless, and your return on the spread would be 95% (121.70/128.30), or 1,084% annualized.
____________ advertisment ______________
America's No. 1 Stock Trades Under a Code Name
Five hundred miles outside of Silicon Valley, this obscure company is about to unleash a radical technology worth more than $10 trillion. It's so obscure, in fact, that it trades under a code name. But 77 million Americans are about to get their hands on this tiny company's groundbreaking technology. And some investors could make a small fortune.
Click here to get all of the details before this tech goes mainstream.
______________________________________
Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
____________ advertisment ______________
Could This Tiny $2 Stock Be Apple's Next Takeover?
It trades for just $2 per share...
Its 'gatekeeper' technology holds hostage the entire $12 Trillion 5G revolution...
It just secured a CRITICAL 5G patent...
And by October 1st, my research says a major smartphone player could buy out this tiny company and hand us a FAST FORTUNE!
Click here for the full story >>
______________________________________
Any questions? Email Colin@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself?
Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswim. If you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Colin@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you up for our Premium Service package ($97 monthly subscription). You get 3 months ($291 worth) of services without paying us one penny.
I look forward to having you on board, and to prospering with you.
Terry
|
