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Post by Admin on Jan 23, 2015 1:41:38 GMT
BABA Bear spread 112/113 IV: 0.35 IV rank: +75% 1 STD: 8.00 0.5 STD: 4.00 expected debit: 60 looking for pull back to 100 or 101.50 - 102 areas to initiate spread or long.Reasons for entry: 1) Bullish on entry. Alibaba is a big company 2) roughly 50% pull back from highs Modes of entry: 1) spread 2) non spread - if no spread, look for pull back to <101.50 -enter debit position with stop loss - looking to purchase 101 contract for approximately 2.24 to 2.50 area. -implement a stop loss at 30-40% of entry price.
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