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Call Options on BABA on 6/4/2018

Bullish Cup and handle on $BABAAlibaba Group Holding Limited (BABA) operates as an online and mobile commerce company in the People's Republic of China and internationally.

The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

The company also provides pay-for-performance and display marketing services through its Alimama marketing technology platform; and Taobao Ad Network and Exchange, a real-time bidding online marketing exchange in China.

In addition, it offers cloud computing services, including elastic computing, database, storage and content delivery network, large scale computing, security, and management and application services, as well as big data analytics and a machine learning platform through its Alibaba Cloud Computing platform; Web hosting and domain name registration services; and payment and escrow services, as well as develops and operates mobile Web browsers.

The company provides its solutions primarily for businesses. Alibaba Group Holding Limited has strategic collaborations with Driscoll's and Thai Union/Chicken of the Sea to launch their food products to China; and a collaboration agreement with The Hong Kong Polytechnic University.

Shares have formed a bullish "cup and handle" and are expected to head higher from this formation.

We will be trading June 15th Call Options

52-Weeks Trading Range: $123.87 to $206.20

Last Trade: $204.34

Trade

  • Buy 1 June $205.00 Call at $4.00
  • For a net debit of $4.00

Profit/Loss Analysis

  • Breakeven at $209.00
  • Maximum profit is unbounded
  • Maximum loss is ($400.00) at strike of $205.00

Closing Summary

  • Sold 1 June $205.00 Call at $5.00

Position closed on 6/15/2018 at price of $5.00 with a 25.00% gain in 11 days.

Updates

6/15/2018 2:02:36 PM

BABA June Call Options closed at $5.00

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