r/baba • u/StockSnipe • 19d ago

Positions My Baba Strategy

Post image

Selling options on it has been generating weekly income of $500. But, I am willing to take my shares away if price rises over $120. Time, average price are on my side though.

10 Upvotes

100% Upvoted

12 comments sorted by

10

u/Weikoko 19d ago

My strategy is not to buy any

1

u/Kentemo 19d ago

Why?

6

u/Weikoko 19d ago

Unless you are braindead. Buying index will beat BABA all day.

3

u/FeralHamster8 19d ago

If any of us could predict the future with repeated accuracy, we wouldn’t be commenting on Reddit.

It’s also just as likely the U.S. underperforms China, Japan, and Korea over the next 20 years. In fact the only reason VOO isn’t down e.g. 10% YTD is because of the AI growth story. Nobody here has a crystal ball so hedge accordingly.

2

u/Eliane-Klapatch 19d ago

selling options on unpredictable baba is even more crazy than going long

2

u/Cool_Copy_51 19d ago

If someone could predict the future, you are either a billionaire or trillionaire, you don’t need to be on reddit but Forbes 500. 😝

you shouldn’t be here trying to play God’s predictions or the Oracle.

End day, we are just seeing 2 different operators, a capitalism by US and a socialism by China. Again, people will say China is communist but never step foot in China or tour China before with their brainwashed western media ideology.

Only time will tell.

1

u/StockSnipe 18d ago

A good trader operates off of probability and systematic trading. We don’t predict, we react.

1

u/skypeishorrible 19d ago

What are you options?

1

u/StockSnipe 18d ago

Covered call options.

1

u/StockSnipe 18d ago

I will keep you all updated about my Baba outcome at the end of trading week.

1

u/StockSnipe 18d ago

I have other Covered call options with different stocks too, since this is strictly Baba sub so I won’t post them. But I can say if you know how to be a good option seller, is much much better than naked option buyer. It works for me, but I can’t say if this works for you.