Alibaba Group Holding (BABA) ADRs (American Depository Receipts) rose 6.6% as of midday Monday, May 12, after the positive Chinese tariff news was released. Selling short put options provides 3.3% yields for one-month strike prices that are 5% out-of-the-money.
BABA is at $133.48 for this $323 billion market cap Chinese trading company, up from $125.33 on Friday. The stock reached a recent low of $99.37 on April 8, but is still off its 6-month high of $147.57 on March 17, before the trade wars between the two countries erupted.
