Long BABA by selling July put spread 133/125

Baba seems turn back to up trend. I would setup a new long position by selling July put spread:

Positoin. -1x133, 1x125
Premium: $1.65
Breakeven: 131.25
Pop%: 72%
Target profi: 50% of premium

Trade fermée: cible de profit atteinte:

Closed the position by buying back the Put Spread in $0.75. The profit is quick and easy $0.9.