Market Overview

Scott Bauer's Bullish Alibaba Options Trade

Share:
Related BABA
Barron's Picks And Pans: 2019 Picks, Emerging Markets, Small Caps And More
Starbucks Analysts Have Lukewarm Reaction To China, Delivery Plans
SoftBank, Alibaba Lead $1.1B In Indonesian E-Commerce (Seeking Alpha)

Scott Bauer, the CEO of Prosper Trading, said on Bloomberg Markets that he likes Alibaba Group Holding Ltd (NYSE: BABA).

To make a bullish bet, he wants to buy the October 175/180 call spread for $1.25. The trade breaks even at $176.25 or around 7.3 percent above the current stock price. It can make a maximal profit of $3.75.

Posted-In: Bloomberg Markets Scott BauerOptions Markets Media

 

Related Articles (BABA)

View Comments and Join the Discussion!

Kroger, Paypal, Target, Twitter: 'Fast Money' Final Trades For September 6

10 Stocks To Watch For September 6, 2018