Short BABA/ BUY BABA 5/24/24 85 PUTS
BABA is up 2 days in a row and having a big squeeze day today up over 7%. This stock got shorted post earnings a few days ago which were lack luster. I suspect the Burn Notice is more short covering than new buying and the stock is getting very stretched in the short run. Theres resistance in the high 80’s going back to November last year. 1 Star Trade last hour. 3:00-4:00
