3 Years Ago
2 Min Read
Off goes BABA. The stock ran down today. Lets find out what's happening:
Alibaba Group Holding (BABA) is trading -10% lower at $90.51 today.
Alibaba is on the SEC's list of Chinese companies that could face delisting. The company is facing pressure from Chinese regulators to give up control of Ant Financial. This news caused BABA stock to drop 9.5%.
Alibaba Group Holding has been trading between a 52-week high of $203.28 and a 52-week low of $73.28. The stock has a market cap of $245 Billion.
Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
silas_p_silas - 8 upvotes - source
Something I’ve learned recently and a free tip for my fellow degenerates on here: If the IV on an earnings play isn’t palatable for you, make the same move on a sympathy player for a quarter of the IV. The swing might not be as extreme, but you’ll still make more than the people getting IV crushed Example: AMZN -> (TGT, WMT, BABA)
plzplzplztendies - 5 upvotes - source
good thing I bought baba puts eod. USA numba 1
Premier_Legacy - 5 upvotes - source
Member when Munger bought like tens of billions of Baba in the 200-300s lol
theXJlife - 4 upvotes - source
Spent all my last hour pouring through potential earnings plays and didnt notice my Baba puts lose 75% and I could of 10x the position for relative peanuts.
Not99Percent - 4 upvotes - source
META and BABA looks too appealing at these levels
SmackEh - 3 upvotes - source
I was looking at BABA for a sympathy play (AMZN). I'm going to pass on that one dawg.
Ed_Chambers_650 - 3 upvotes - source
Baba!!
VisualMod - 3 upvotes - source
>FANG+ Constituents: \>$AAPL 157.29 +0.32% $AMZN 122.19 +1.01% $BABA 100.03 -2.69% $BIDU 141.1 +0.06% $META 159.36 -6.04% $GOOG 114.44 +0.74% $NFLX 225.67 -0.49% $NVDA 180.59 +1.51% $TSLA 844.12 +2.36% $MSFT 277.42 +3.23% \>$TWTR 40.49 +1.59% ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-07-28 ^15:21:00 ^EDT-0400
EvaUnit343 - 3 upvotes - source
If BABA gets to the 80s I’m buying LEAPS again. Idgaf. Larger volatility = larger average future return. 💎🙌
Zachjsrf - 3 upvotes - source
BABA added to list of firms that could get delisted just an FYI
Alibaba is on the SEC's list of Chinese companies that could face delisting. The company is facing pressure from Chinese regulators to give up control of Ant Financial. This news caused BABA stock to drop 9.5%.
Alibaba Group Holding has been trading between a 52-week high of $203.28 and a 52-week low of $73.28. The stock has a market cap of $245 Billion.
Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
silas_p_silas - 8 upvotes - source
Something I’ve learned recently and a free tip for my fellow degenerates on here: If the IV on an earnings play isn’t palatable for you, make the same move on a sympathy player for a quarter of the IV. The swing might not be as extreme, but you’ll still make more than the people getting IV crushed Example: AMZN -> (TGT, WMT, BABA)
plzplzplztendies - 5 upvotes - source
good thing I bought baba puts eod. USA numba 1
Premier_Legacy - 5 upvotes - source
Member when Munger bought like tens of billions of Baba in the 200-300s lol
theXJlife - 4 upvotes - source
Spent all my last hour pouring through potential earnings plays and didnt notice my Baba puts lose 75% and I could of 10x the position for relative peanuts.
Not99Percent - 4 upvotes - source
META and BABA looks too appealing at these levels
SmackEh - 3 upvotes - source
I was looking at BABA for a sympathy play (AMZN). I'm going to pass on that one dawg.
Ed_Chambers_650 - 3 upvotes - source
Baba!!
VisualMod - 3 upvotes - source
>FANG+ Constituents: \>$AAPL 157.29 +0.32% $AMZN 122.19 +1.01% $BABA 100.03 -2.69% $BIDU 141.1 +0.06% $META 159.36 -6.04% $GOOG 114.44 +0.74% $NFLX 225.67 -0.49% $NVDA 180.59 +1.51% $TSLA 844.12 +2.36% $MSFT 277.42 +3.23% \>$TWTR 40.49 +1.59% ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-07-28 ^15:21:00 ^EDT-0400
EvaUnit343 - 3 upvotes - source
If BABA gets to the 80s I’m buying LEAPS again. Idgaf. Larger volatility = larger average future return. 💎🙌
Zachjsrf - 3 upvotes - source
BABA added to list of firms that could get delisted just an FYI
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