Alibaba Shares Rise $5.42 to $130.82
Cboe data suggests bullish flow in Alibaba (BABA), with shares up $5.42, or 4.32%, near $130.82. Options volume roughly in line with average with 193k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 0.2 points near 40.25,and below the 52wk median, suggesting an expected daily move of $3.32. Put-call skew flattened, suggesting a modestly bullish tone.