IA Trade Alert (Patreon)
Content
Disclaimer: The information provided in this trade alert is for educational and entertainment purposes only and should not be considered as financial advice. The author is not a financial advisor and is only sharing their personal trading activities in full transparency. The opinions expressed in this alert are the author's own and do not reflect the views of any other individual or organization. Investing in cryptocurrencies and other financial instruments involves a high degree of risk, and you should not invest money that you cannot afford to lose. Always do your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or damages resulting from the use of the information provided in this alert.
I have been out of it for a long time - but BABA flashed a buy on IADSS. It was a toss up between BIDU and BABA but BIDU flashed no signal.
Also BABA was bottoming nicely. I entered at $72.56. I sold the $70 Puts and bought the $70 calls - net debit 6.85. My breakeven is for BABA to be at 76.85 by Jan 2026. The 200 DMA is $86.
The real reason I went back into Chinese stocks after years is as follows:
1) Growth coming back
2) China Money Printer is in full swing