Reallifetrading

BABA covered call

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
GORGEOUS double bottom and VERY nice bounce off of the 50 ema on the weekly.

Just expecting BABA to chill and trade sideways a bit. JD.com does have earnings very soon and will affect BABA some, however, appears she still will slowly grind higher. GREAT earnings... :-)
Obviously you have to have LONG calls OR 100 shares to do a covered call sale. :-)
Comment:
This one also expired worthless. HOOORAY!! congrats! A 'free' .47
:=)

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