Mixed options sentiment in Alibaba (BABA), with shares down 76c near $119.97.Options volume relatively light with 100k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.4. Implied volatility (IV30) dropped 0.06 near 35.88,and below the 52wk median, suggesting an expected daily move of $2.71. Put-call skew flattened, suggesting a modestly bullish tone.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- U.S. extends EU tariff deadline, Salesforce to acquire Informatica: Morning Buzz
- Alibaba considering options to reduce ZTO Express stake, Bloomberg reports
- Alibaba chair tells Asian firms to seek growth in Asia, Europe, Bloomberg says
- Is Alibaba Stock (BABA) a Buy, Hold, or Sell?
- Alibaba’s Stellar Growth and AI Ambitions Ignite Investor Interest