Alibaba dropped from $320 to $80 in four years and then took off from $80 to $120 over the past six weeks. My EW calculations have kicked in and as shown on the chart below, shares are targeting $160 over the next six weeks. April OTM calls could spike 4-5X if this momentum continues. Risk 50% to make 500%. That's the PRO Service in a nutshell. BABA We've seen steep ascents like this before, PLTR, RKLB and late last year, TSLA. All generated exponential option returns. With 64 days to expiration, all of the above strikes offer excellent risk:reward profiles, starting with the $120C just-out-of-the-money call. Another 50% run in BABA from current levels and any of these could be up 5X to 10X with at least one rollover likely. Risk no more than 50%. TSLA A step in the right direction, but needs to close above $350, minimum, to jump back in. (See today's Premium Mid-Week Update for a more specific TSLA fresh entry).
