While holding the newly issued BABA March 140 and 145 calls, let’s protect some gains here. Consider selling to close the second half of the BABA July 135 calls for up to 245% gains… Also, consider selling to close just half of the BABA July 145 calls for up to 93% gains…
This does not mean I’m turning bearish on BABA. I’m simply trying to protect gains should the stock pullback again as it did the other day.
It’s just tough to leave these kinds of gains sitting on the table.
Ian L. Cooper
Inside Value Trader