With a normal stock, we wouldn’t see these gains this fast.
But when it comes to BABA, we’re not dealing with a normal stock. The stock doesn’t appear to know what down means. It’s just moving aggressively higher.
With a $200 price target, I’ll continue to recommend even more ways to trade the upside. Why not? The strategy has paid off very well since October 1, 2014.
As of today, our BABA January 97.50 put may be in the toilet. But the BABA July 135 calls are now up 226% at a last trade of $10.75. Hold. And the newly issued BABA July 145 calls trade is already showing a gain of 70% since November 6, 2014.
But why stop there?
After all of the BABA gains we’ve taken to date, why stop there?
While holding all of the above trades – and the put for protection – consider buying to open the following trades:
• BABA March 2015 145 calls up to $5.50
• BABA March 2015 140 calls up to $6.50
Like I’ve said, my goal is to make you a lot of money on the BABA trade. So far, so good…
We’d love to hear how you’ve been doing with these trades if you have an opportunity. Thanks in advance.
Ian L. Cooper
Inside Value Trader