Shares of Alibaba Group Holding Ltd (NYSE: BABA) have been trading for a month.
Shares were priced at $68 in the IPO and opened at $92.67, with a high of $99.70 on the first day of trading on September 19. That marked the high for the stock price, as shares have fallen back roughly 5 percent towards the $88 level, with a low of $82.81 on October 15.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Alibaba is expected to release its first earnings report on November 4 before the market opens, with analyst estimates for EPS of $0.50 on revenue of $2.55 billion. This would give Alibaba a fairly rich price-to-earnings multiple of 40, well above the current 15 multiple on the S&P 500.
Shares were up 1 percent in the premarket at $89.12.