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01/08 Options Combinations

$Alibaba (BABA.US)$ Trading Strategy——BABA (Alibaba), Bull Market Bullish Spread Combination

Buy Call on August 30 with a line price of $77 and a royalty payment of $4.42;
Sell the Call on August 30 with a line price of $81 and a royalty of $2.6;
Maximum profit: $218;
Maximum loss: $182;
Earnings Range: Share price above $78.82
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