Reply To: 2b Reversal in BABA

[Steven Place]

Time to bail on this trade, it’s seen a nice selloff but it’s BABA and all it takes is one upgrade to see a hard reversal and squeeze higher.

Either trail a stop at 112.40, or close the trade outright here:

Sell to close Dec 120 put for 11.00

Buy to close Dec 105 put for 2.45