Submitted by Nerdowell t3_10qc0kd in wallstreetbets
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VisualMod t1_j6p35jw wrote
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VisualMod t1_j6p366l wrote
I believe that the BABA $119 Put + $9.98 1D 1W 1M position is a good trade for today. The current price of BABA is $110.11, which means that the option has already increased in value by 5.83%. I expect the stock to continue to fall over the next week or so, which should result in even more profits for this trade.
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KKLHY t1_j6p3czu wrote
Nerdowell OP t1_j6p3lc5 wrote
Bought 90 2/10 BABA $119 puts last Friday because I figured BABA would give up some of its recent gains and $120 seemed to be a pretty solid resistance. Sold all of them this morning.
IWasRightOnce t1_j6p3zun wrote
Hey man, that’s pretty cool.
jamzkourt t1_j6p4eoi wrote
Baba is that you ???? I thought you were just going out to get some milk 🥛. I think my allowance is overdue
3d-money t1_j6p501e wrote
nicely done! The casino treating you well.
Ok-Train4958 t1_j6p5m5k wrote
Nice work. What’s the next play?
[deleted] t1_j6p5mck wrote
[removed]
Belfry818 t1_j6p691s wrote
JFC from r/jokes to this in the last month? Big Cajones confirmed.
okokibuynok t1_j6p7wmm wrote
Bought some PDD puts that printed Monday. Baba kicked my ass bc I bought FDs for last week. Good call
Nerdowell OP t1_j6p8r3c wrote
I think BABA could potentially fill the gap back to around $95 over the next couple of weeks, but with all of the big boys releasing earnings this week along with the FED rate decision, it's a bit too risky right now. I'm going to see how the rest of the week plays out and see what kind of opportunities are available on Friday.
AccomplishedLie6360 t1_j6paqi1 wrote
Big flex
ibuy2highandsell2low t1_j6pcsv9 wrote
Ganoush!
FlakySupermarket116 t1_j6pdvcg wrote
Congrats and fuck you
pw7090 t1_j6pe85j wrote
Why did you buy these?
80milesbad t1_j6pec2f wrote
Wow! I gotta get me some o’ them puts
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