01 — BABA · COVERED CALLS

Best BABA covered calls setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

ADR with two-track volatility: company fundamentals plus China policy and US-listing risk overlay.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Alibaba
Consumer / Tech (China)
BABA
$98.04-8.8% / 30d
IV rank (1y)
35.4% · moderate
Next earnings
Nov 24
Market cap
$243.9B
P/E (fwd)
10.5
Dividend
$7.24 · Jun 11
Option vol
35K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick
$104 call · Dec 4
34 DAYS · 6.1% OTM · SELL TO OPEN
Credit
$413
Return
4.21%
PoP
63%
StrikeExpirationCreditReturn ↓PoP
$106
8.1% OTM
Dec 4
34 days
$340
$3.40 / share
3.47%68%
$103
5.1% OTM
Nov 27
27 days
$304
$3.04 / share
3.1%62%
$105
7.1% OTM
Dec 4
34 days
$296
$2.96 / share
3.02%66%
$104
6.1% OTM
Nov 27
27 days
$289
$2.89 / share
2.95%65%
$105
7.1% OTM
Nov 27
27 days
$247
$2.47 / share
2.52%67%
$106
8.1% OTM
Nov 27
27 days
$222
$2.22 / share
2.26%70%
$107
9.1% OTM
Dec 4
34 days
$219
$2.19 / share
2.23%70%
$108
10.2% OTM
Dec 4
34 days
$216
$2.16 / share
2.2%73%
$109
11.2% OTM
Dec 4
34 days
$210
$2.10 / share
2.14%75%
10 of 11 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $104 call · 34 DTE

$0+$1,009losses$93.91 BREAKEVEN$104 STRIKE

Key numbers

Premium collected+$413
Max profit+$1,009
Breakeven$93.91
Capped above$104
Probability of profit63%
Days to expiration34

When this trade makes sense

Use when

  • ✓You already own 100+ shares of the stock
  • ✓You'd be fine selling at the strike price
  • ✓You think the stock goes flat or slightly up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to rip higher
  • ✕You're attached to the shares (tax, conviction)
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full covered calls guide →

05 — RUN IT LIVE

See the highest chance of profit on BABA.

Alpha Hawk scans live chains and recommends setups based on current market conditions.

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