February 20, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We should roll down to some lower strikes:

 

BTO 1 BABA Jul-15 87.5 call (BABA150717C87.5)
STC 1 BABA Jul-15 95 call (BABA150717C95) for a debit of $2.93  (buying a vertical)

BTC 1 BABA Mar-15 95 call (BABA150320C95)
STO 1 BABA Mar-15 87.5 call (BABA150320C87.5) for a credit of $1.87  (selling a vertical)

BTC 1 BABA MAR2 15 90 call (BABA150313C90)
STO 1 BABA MAR2 15 87.5 call (BABA150313C87.5) for a credit of $.87  (selling a vertical) 

Be prepared to change this price limit by $.05 or more in order to get an execution. .

 
Happy trading.

 

Terry