#LongCalls #LEAPS – Going back in here….had pretty good luck last time. Earnings on Friday before the open so I’d like to capture as much of that premium as possible. After earnings I’ll decide whether to keep it long term or not. Might make a few bucks on an earnings pop and get out. I like the ticker either way…

Bought to Open BABA JAN 17 2020 180.0 Calls @ 34.50

Max loss 34.50 with 90 weeks to run. Need 38 cents per week to cover. That seems reasonable…

So:

Sold BABA MAY 4 2018 185.0 Calls @ 1.81

I may adjust those a little depending on where the stock is Thursday afternoon.

#disasterputs