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Alibaba call buyer realizes 40% same-day gains

Notable profits for the buyer who lifted the $4.70 offer for 2,000 Alibaba (BABA) Jun-25 120 calls yesterday at 10:29ET when underlying shares were trading at $102.56. Shares closed at $107.73, and the calls at $6.58 for a mark-to-market profit of 40%, or $375K, on the $940K outlay.

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