Wednesday, January 11, 2017

BABA in daily and weekly chart the stock hit the resistance from 61,8% of fibo and the resistance from major sma 100, if the stock cross above the resistance with volume, then the next price target is 101.75% at 50% of fibo and if cross and this resistance ,then the next price target is 109,76$(read previous post about BABA) the IVR is 29% and we sold strangle 37D, we sold 87,5$ or 90$ put and 110$ or 115$ call(87.5/110--90/115) from this trade we receive 136$ for the first and 154$ for the secont, the probability of success is 76% for both.



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