Alibaba Options Traders Bet On Stock Surging This Much By September Expiration
Portfolio Pulse from Lisa Levin
Alibaba's shares dropped after releasing Q4 financial results, with options traders betting on a 17% surge in the stock by September expiration. The company reported a 2% YoY revenue growth to $30.32 billion and non-GAAP earnings per ADS of $1.56, beating the consensus of $1.35.
May 19, 2023 | 12:18 pm
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Options traders are betting on a 17% surge in Alibaba's stock by September expiration, following the release of Q4 financial results showing a 2% YoY revenue growth.
The news of options traders betting on a 17% surge in Alibaba's stock by September expiration indicates a positive sentiment towards the stock. This, combined with the company's Q4 financial results showing a 2% YoY revenue growth and beating earnings consensus, suggests a potential short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100