Last min buy up HK today, is there a possibility that we will have news over the long weekend?? Short sellers closing positions, long investors buying the news??
📦 The $BABA 140 calls just doubled in open interest.
Yesterday: OI dropped 349. People closing.
Today: OI exploded +3,015. People opening.
63% of today's trades hit the ASK.
Buyers aggressively paying up. 👀
Stock at $130. Strike at $140.
Expiring May 29 — next Friday.
That's an 8% move in 7 days they're betting on. 📈
The setup behind it 👇
Cloud growing 38% YoY ✅
AI heading to 50% of cloud revenue ✅
Q1 EPS missed — stock surged anyway ✅
Trump-Xi thaw. US-China tariffs easing ✅
Analyst avg PT: $184. Stock at $130 ✅
RMB 380B committed to AI over 3 years ✅
Yesterday the bears trimmed.
Today the bulls doubled down.