The stock has 27 months to go from the current $85/share price to $100.50/share to make this contract break-even. Anything above $100.50 is profit. The stock could easily be above $125 by then, making this contract worth a minimum of $50, for a return of nearly 100%. Liquidity is not great as only one contract traded today, but that will change as we get closer to expiration. Was able to get an execution in under 15 seconds by bidding 40 cents under the $25.90 asking price.
Buy the Alibaba January 2017 $75 call option right now for $25.50...
- Thread starter njfan47
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