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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Alibaba’s (BABA) Quark Crushes AI Rivals to Become Top App in China
- Alibaba Stock Surges Amid Strong Growth Prospects
- Alibaba Reports Share Repurchase Activities in April 2025
- Trump Trade: President says first deal on tariffs ‘close’ as China ups duties
- White House moves toward delisting Chinese companies on U.S. exchanges, FBN says