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PB2MA in BABA

Home › Forums › Swing Trades › PB2MA in BABA

  • This topic has 1 reply, 1 voice, and was last updated 7 years, 6 months ago by Steven Place.
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  • November 19, 2014 at 10:58 am #2352
    Steven Place
    Keymaster

    Finally pulling back into its 20 day moving average.

    baba

    Here’s the trade:

    Sell to open BABA JAN 100/97.50 put spread for .80 HALF SIZE

    ADD to the trade at 1.40

    Out at .30

    December 29, 2014 at 2:19 pm #2353
    Steven Place
    Keymaster

    Going to close early here for less profits. The stock has been in a decent consolidation which is great for these bull put spreads, but it really isn’t seeing any followthrough.

    This is one of those charts that tell me the longer the stock goes without seeing any decent upside movement, the higher the odds of a retest. I’d rather take profits and maybe consider reentry if we hit 100.

    Buy to close BABA Jan 100/97.50 put spread for 0.45.

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