Alibaba Options Traders Bet On Stock Jumping This Much By July Expiration
Portfolio Pulse from Lisa Levin
Options traders are betting on a significant stock jump for Alibaba Group Holding Limited (NYSE: BABA) by July expiration, as the US prepares for cabinet-level talks with China. Alibaba also announced plans to hire 15,000 people in 2023, contradicting layoff reports.
May 26, 2023 | 12:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Options traders expect Alibaba's stock to surge by at least 27% by July expiration, as US-China talks could positively impact the company. Alibaba also plans to hire 15,000 people in 2023.
The upcoming US-China cabinet-level talks could have a significant impact on trade between the two countries, potentially benefiting Alibaba. Additionally, the company's announcement to hire 15,000 people in 2023 contradicts layoff reports, indicating a positive outlook for the company's growth.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100