Hi everyone, welcome back!
The US market continues to hold up well despite the new Covid mutation.
SPY daily chart below:
Chinese equities continue selling off while the US market gains, and BABA has not done very well after their earnings report. My preference is for BABA to be higher than 140 by Dec. 17th (when the put I sold expires) so I can sell another cash secured put. Either way if it closes below 140, I’ll just have another 100 shares which is decent.
BABA daily chart below.