UPDATE: Closing Alibaba position for big gain
For the original trade initiated August 31, short NOV 90 put/long NOV 100 call, we are going to close out today at the open. To exit the trade, buy to close NOV 90 put at $1.35 and sell to close NOV 100 call at $7.80 (prices as of last night). This should produce a credit of $6.45 versus our initial investment of $.90. or a gain of 580%.
— Edited by Martin O'Rourke
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