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Joe Tigay's Alibaba Trade

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Joe Tigay of Equity Armor Investments spoke on Bloomberg Markets about Alibaba Group Holding Ltd (NYSE: BABA).

He explained that China is in the middle of the currency easing cycle, which could be a stimulus for the Chinese economy. He thinks the best way to make a bullish trade on China is with Alibaba shares. Tigay wants to buy the August 19 expiration, 85/90 call spread for $1.60.

The break even for the trade is at $86.60 or 2.58 percent higher from the current stock price. The maximal profit the trade can make is $3.40.

Posted-In: Bloomberg Markets Equity Armor Investments Joe TigayOptions Markets Media

 

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