I opened $BABA 20250131 90.0 CALL$ ,BABA: collect 1.9% premium on this covered call with strike at $90 which is about 9% higher than last close. Contracts will expire in 42 days on 31st Jan. BABA came down from its high of $117 to settle at $82 which is a 40% drop just in the last 2.5 months. at this point, trying to make sense on how to continue trading this counter.
I opened $BABA 20250124 90.0 CALL$ ,BABA: collect 1.45% premium on this covered call with strike at $90 which is about 9% higher than last close. Contracts will expire in 35 days on 24th Jan. BABA came down from its high of $117 to settle at $82 which is a 40% drop just in the last 2.5 months. at this point, trying to make sense on how to continue trading this counter.
I opened 4 lot(s) $BABA 20250221 100.0 CALL$ ,add call to replace call that will likely expire worthless. this will reform back the baba strangle. Changing from 87.5 put 100 call to 85 put and 100 call
I opened 4 lot(s) $BABA 20250221 85.0 PUT$ ,Rolled baba put from $87.5 strike to $85. Reduced premium and added time value to 60plus days to improve strike position By $2.5
I closed 4 lot(s) $BABA 20241220 87.5 PUT$ ,Broke apart baba strangle to allow $100 strike call to expire worthless to save some commission fees. Closed put and roll forward to avoid assignment. Baba will likely remain volatile due to tariff issues.