The gains with BABA have been tough to ignore…
Between October 1, 2014 and now, I’ve recommended taking gains of 106% and 130% on the BABA January 90 calls, 74% and 65% gains on BABA April 105 calls, and just yesterday, a gain of 85% on half of the BABA July 135 calls.
The second half of the BABA July 135 is now up 91%… and I’m still recommending that you hold. I’m also recommending that you hold the BABA January 97.50 put, as downside protection.
With all those gains, why stop there?
I’m still convinced this will be a $200 stock by next year. It’s that strong.
If you have the stomach for it, consider this wild trade. Buy to open the BABA July 2015 145 calls up to $5…
Ian L. Cooper
Inside Value Trader