Bullish option flow detected in Alibaba with 71,232 calls trading, 1.5x expected, and implied vol increasing over 1 point to 33.93%. 7/12 weekly 76 calls and 7/12 weekly 75 calls are the most active options, with total volume in those strikes near 16,600 contracts. The Put/Call Ratio is 0.22. Earnings are expected on August 8th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- 3 Best Olympic Stocks to Buy in July 2024, According to Analysts
- Alibaba Stock (NYSE:BABA): Bullish on Accelerating Growth, Growing Capital Returns
- Alibaba Schedules Virtual AGM for Shareholder Voting
- Alibaba (BABA): Hedge Funds Accumulate This Tech Stock
- China’s Temu, Shein Pop Up on European Regulators Radars
