Call Options on AABA on 2/27/2018

Bullish Trading Channel on AABAAltaba Inc. (AABA) operates as a non-diversified, closed-end management investment company in the United States.

Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc. and changed its name to Altaba Inc. in June 2017. This stock follows performance of Alibaba but at a discount!

Shares are heading higher in an upward trading channel. Higher share prices are expected for this stock.

We will trade March 16th Call Options

 

52-Weeks Trading Range: $45.25 - $80.56

Last Trade: $78.00

 

Trade

  • Buy 1 March $78.00 Call at $2.40
  • For a net debit of $2.40

Profit/Loss Analysis

  • Breakeven at $80.40
  • Maximum profit is unbounded
  • Maximum loss is ($240.00) at strike of $78.00

Closing Summary

  • Sold 1 March $78.00 Call at $1.50

Position closed on 3/16/2018 at price of $1.50 with a -37.50% loss in 17 days.

Updates

3/16/2018 12:21:21 PM

AABA call options sold for $1.50

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