The Bahb-ster has taken a breather lately, but there shouldn’t be much doubt about which direction it will head on the next thrust. This is a coiled rattlesnake that might be fun to play with, and so I’ll suggest a Jackpot-type bet, as follows: If the stock pulls back to the 112.31 midpoint pivot in the first hour of Tuesday’s session, try to buy four Nov 22 118 calls for around 0.35. I’m guessing they’ll be trading for around that much, but you can adjust your bid on-the-fly, based on a price that looks do-able as BABA closely approaches the pivot. _______ UPDATE (10:33 a.m.): Check the chat room — as you always should — for some very substantial price adjustments that were made on-the-fly. Officially, I’ll record 117 calls bought for 0.30 and 118s for 0.25. Please note that a 108.98 target is in play — an extreme anomaly, considering the broad averages are trading moderately higher today. _______ UPDATE (November 19, 10:50 p.m.): The calls are a distant longshot at this point, but don’t give up on them, since this stock can easily move $5-$6 in a day.
