July 9, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We don’t have much cash to work with, but these trades will give us more of a fighting chance:

BTC 1 BABA Jul-15 90 call (BABA150717C90) for $.02 (no commission)

STO 1 BABA Aug-15 90 call (BABA150821C90) for $.87

STC 2 BABA Oct-15 90 calls (BABA151016C90) for $1.77

STC 1 BABA Oct-15 95 call (BABA151016C95) for $.90

BTO 3 BABA Sep-15 82.5 calls (BABA150918C82.5)
STO 3 BABA Aug-15 82.5 calls (BABA150821C82.5) for a debit of $.62  (buying a calendar)

BTO 3 BABA Sep-15 85 calls (BABA150918C85)
STO 3 BABA Aug-15 85 calls (BABA150821C85) for a debit of $.57  (buying a calendar)

BTO 3 BABA Sep-15 87.5 calls (BABA150918C87.5)
STO 3 BABA Aug-15 87.5 calls (BABA150821C87.5) for a debit of $.51  (buying a calendar)

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

  
Happy trading.

 

Terry