This week, we are doing a covered call analysis on Alibaba (BABA). The stock price has pulled back recently after a large surge in Chinese stocks.
In the meantime, volatility has been moving higher as earnings will be released in a few weeks. These factors may provide a solid setup for a covered call trade.
We are looking at BABA because there is a single stock covered call ETF from YieldMax, BABO, which could be (or could not be) an interesting addition to the portfolio in my ETF Income Trader service.
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