BABA Alibaba Options Ahead of Earnings

21 Şub 2023

If you haven`t sold BABA when Charlie Munger did:

or reentered when it was cheaper than the IPO:

Now looking at the BABA Alibaba options chain ahead of earnings , I would buy the $110 strike price Calls with
2023-8-18 expiration date for about
$10.20 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if BABA Alibaba keeps on climbing.

Looking forward to read your opinion about it.