We just made good stock option gains on Baba and JD

I really like playing these 2 stocks but I’m always very skeptic due to the current administration. Anything that has a slight news with Chinese stocks scares me. There are just so many reasons to not play these and most people may just go to a different stock.

Here are a few news articles that can just kill the MOMO of these call options

The U.S. is telling colleges to avoid Chinese stocks. Here’s why

Don’t Touch These 3 Chinese Tech Stocks

Again, it just takes few sentences are more people will not play these.

Here is the chart for BABA

Remember this blog post I played a few weeks back BABA +40%

We saw some movement in BABA for an ER play. Again the only reason why I did not size up on this position was the news of current Chinese stocks.

BABA +41%

As you can see I got an extra 1% from what I did last time haha! We found a really good dip and saw the support. So we ended up buying that dip. The earnings was on 8/20 and get got out on 8/18. Sweet play and it did go higher but this is good enough for me.

Next up is….

JD +70% Post ER play

Post ER plays also work. I usually do not play these but JD looked like it had the golden coin. There was good flow in this trade which is why we got into this. As you can see it was having a hard time coming up with a double top but eventually once it hit that resistance it gapped up the following morning. I knew that JD doesn’t do too well with gaps. So once it peaked we went out and just sold it right away. But just to find out that it would keep on running. We didn’t use any resistance lines or support for this play. This was purely on speculation of the stock price to comes up.

So far lets see what else we can get this week.