5/18/15
92.50 / 95 Bear call spread .25 limit June expiration
100 SMA is a nice resistance. I am SLIGHTLY bullish on the earnings gap. My thought is BABA could trade sideways a big and bounce. Could be around 91 near expiration. Look to get into a Bull put spread to leg into a condor if BABA does bounce around 85
92.50 / 95 Bear call spread .25 limit June expiration
100 SMA is a nice resistance. I am SLIGHTLY bullish on the earnings gap. My thought is BABA could trade sideways a big and bounce. Could be around 91 near expiration. Look to get into a Bull put spread to leg into a condor if BABA does bounce around 85
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