BABA
BABA · Sep 21, 2026
$115.75
Shares
Hold
Fair value $103; the price is close to it, 12% over (range $80.55–$126, 2 of 4 models).
How we value it ›Prices as of 11:49 PM ET, Sep 21. Check the live quote before you send an order.
The put
Sell
Sell the Sep 25 $112 put. You get $152 now. In return you must buy 100 shares at $112 if BABA falls there by Sep 25.
If it goes against you: you buy 100 shares at $112, which after the $152 you keep works out to $110.48 a share. Below $110.48 you are down on the trade. From that day the shares take above is the one that applies.
The order
You get$152 (limit about $1.52)
If it fallsBuy 100 shares at $112
Cash to hold$11,200
Close earlyBuy back at about $1.37 ($137)
Chance you buy the sharesabout 32 in 100
ContractBABA Sep 25 $112 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why sell
The put: Sep 25, $112 strike, 4 days out. Pays $152. Roughly a 32-in-100 chance you end up buying the shares.
On paper: 124% a year. That number assumes BABA keeps moving like it did the past two years. Take that away and it is +22% a year. That is why we say sell.
Next earnings Nov 24, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on BABA you already hold: sell the Sep 25 $126 call and take $64 now. If BABA climbs to $126 by Sep 25, your 100 shares are sold at $126, so only do it if you're happy selling there.
If it climbs past $126 your 100 shares are sold at $126 and you keep the $64. That is the trade working, not a loss.
The call order
ActionSell to open
ContractBABA Sep 25 $126 call
You get$64 (limit about $0.64)
If it climbsYour 100 shares sell at $126
Close earlyBuy back at about $0.58 ($58)
Chance your shares are soldabout 14 in 100
After removing the trend+23% a year
First take on BABA. Result Sep 25. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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