By Dan Darrow

September 06, 2022

Intraday Update: BABA

Indices are starting the holiday-shortened week with a relatively flat open, though Chinese stocks are beginning the session weak. BABA is off ~3.75% during the first few minutes of trading, and the stock has now erased nearly all of its bounce from late August. The Oct21 $105 - $115 call spread is at the net debit stop loss and needs to be closed this morning. A few things needed to line up for the more speculative trade to work, and they haven't, unfortunately. We can revisit a new strategy on BABA if it resets above 100 in the near future.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication