Trade of the Week: BABA

Trade of the Week
by Jay Soloff
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Chinese stocks saw a significant amount of options activity last week when Chinese regulators appeared to ease up on some restrictive practices.  Chinese internet giant Alibaba (BABA) was up 15% in a day, while trading over 1 million options. It looks like some of the biggest block trades were bullish call purchases in September and January.

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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