Added a short call at 220 to the existing position in Alibaba HK $BABA $9988.HK on a very strong up day. The stock popped, giving a perfect setup to sell premium while IV is elevated. This short call layers well into the broader position, using time to our advantage as the move stretches.
Letting the time decay do its job here — especially after a sharp move like today. No need to chase; just adding to the structure and letting the market work for us.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 4.25 | -- Closed |
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