Press "Enter" to skip to content

Mike Khouw Sees Unusual Options Activity In Alibaba

On CNBC’s “Options Action,” Mike Khouw said calls outpaced puts in Alibaba Group Holding Ltd – ADR (NYSE: BABA) by more than 4 to 1 on Wednesday.

A lot of that activity was short-dated, but the most interesting trade was the purchase of 2,200 contracts of the January 2023, $285-strike calls for $15. The trader is betting $3.3 million that the stock is going to trade more than 42% higher at the January 2023 expiration.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *