#Earnings Bought to Open $BABA 71/73/77 put on butterfly for 1.50. This is a BEARISH trade. Sees max profit at 73.00, no downside loss possible; max loss of 1.50 above 77.00. Here are BABA’s one-day moves in its short history (average is 5.6%)

Jan. 28, 2016 BO -3.76%
Oct. 27, 2015 BO 4.04%
Aug. 12, 2015 BO -5.12%
May 7, 2015 BO 7.50%
Jan. 29, 2015 BO -8.77%
Nov. 4, 2014 BO 4.19%