This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Cathie Wood-led Ark Investment Management on Monday snapped up 35,022 shares, estimated to be worth about $7.39 million, in Alibaba Group Holding (NYSE: BABA).
Shares of Alibaba closed 0.46% lower at $211.06 on Monday.
With the latest earnings, it became clear that the pandemic push was just the beginning for Big Tech as Apple (NASDAQ: AAPL), Google owner Alphabet (NASDAQ: GOOG), Amazon (NASDAQ:
Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, in Alibaba Group Holding (NYSE: BABA) after the company posted its first operating loss as a listed company, as a record regulatory fine it was