Posted by: arbiter December 4, 2017
which stock to buy
Login in to Rate this Post:     0       ?        
I had bought BABA at 140s...sold at 180s (had some Calls as well) and bought Puts last week w/ Feb expiration date but closed them today....generated a pretty nice return! As long there is cloud over the numbers that BABA says it has, I think this is going downhill ( I could have stayed in the put position for a bit long but wanted to close it out). But ultimately, I think it's going to come back though--where it settles is a matter of timing.

Bought WFC calls w/ Jan expiration date today. Tax reform, most likely to pass in some fashion, is likely to drive the price higher. Will see where it heads this week...may close it out a week or two.
Read Full Discussion Thread for this article