Unusual Options Activity in Alibaba (BABA) Targets 5-11% Upside in Shares by October Expiration Following 1Q EPS Beat -Susquehanna
Susquehanna options strategist Alison Edwards notes bullish options activity in Alibaba (NYSE: BABA), an investor purchased ~22,000 Oct 170/185 Call spreads for $4.10, targeting at least 5% further upside, capping themselves at ~11% upside.