Yes, that Yahoo…the same one we’ve gone “back to the well” and traded the “bearish” side of this stock for quick profits before.
Many investors think AABA is a proxy for Alibaba (NYSE: BABA), since Altaba’s main asset is a 74% share ownership of the Chinese “Amazon” giant. However, the recent trade war with China has created a lot of uncertainty in AABA causing the implied volatility to skyrocket giving us another ripe trade opportunity.
Let’s do it again. Altaba is no “Alibaba”. Watch my latest Trade Scan video to find out how you can take advantage of ABBA’s China exposure and capture a rich credit for yourself.
About The Author
Meet Jon Lewis, With over 20 years of real experience, teaching AND trading, Jon will help you learn to use options profitably and safely in portfolios of any size.
His advantage, and now yours, is using simple, often overlooked spread options strategies which generate consistent income without significant risk.