Alibaba & Microsoft Unlocking Profits: How Options Trading Can Capitalize On Earnings & Breakouts
Portfolio Pulse from Sandra Stone
On Benzinga TV, Sandra Stone and Zunaid Soleman discussed profitable options trading strategies for Microsoft and Alibaba around key events. Microsoft saw a breakout above $415, leading to a 60% profit on a call debit spread before closing at a 5% profit. Alibaba's earnings anticipation led to a 130% profit on a call debit spread, with the stock price reaching $84.60.
May 14, 2024 | 12:19 pm
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POSITIVE IMPACT
Alibaba's stock price surged to $84.60 ahead of its earnings report, resulting in a 130% profit on a call debit spread, showcasing the stock's volatility and potential for high returns around earnings events.
The significant price movement and options trading profit ahead of Alibaba's earnings report highlight the stock's sensitivity to earnings announcements and its potential for short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Microsoft's stock experienced a breakout, leading to significant options trading profits. The stock reached $419 before settling at $413.72, indicating strong short-term bullish momentum.
The breakout above a key resistance level at $415 and the subsequent price appreciation to $419 demonstrate strong bullish momentum for Microsoft, suggesting a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90