Scott Bauer's Bullish Alibaba Options Trade

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

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaBloomberg MarketsScott Bauer
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!