On Tuesday, November 29th, Market Rebellion Co-Founder Pete Najarian gave away a slam dunk of an options trade for Rebel’s Edge viewers: Alibaba $92 strike call options, expiring December 16th. Those calls came hot on the heels of two separate purchases the day before in the same ticker.
Let us show you how to find Unusual Options Activity
Everything you’ve ever wanted to know about Unusual Options Activity—in one convenient insider’s guide.
Those Alibaba $92 strike calls were 14.6% out of the money, and those calls did cost an average of $1.18 per contract.
However, Alibaba has rallied hard over the past week, bringing these calls to nearly at the money levels with two weeks remaining in the trade. As a result, those options are now worth $4.8 at the time of writing — 4X the original price paid.
Here’s a clip from that episode of Rebel’s Edge:
Missed out on the play? Don’t kick yourself, just don’t miss out on the next one. Both Jon and Pete give a fresh piece of unusual options activity live on every episode of Rebel’s Edge, which streams at 1PM EST Monday-Thursday. Sign up today to get notified when Jon and Pete go live next!
Level Up Your Trading
Get a custom-designed trading program tailored to your individual needs, skill level, and schedule.
