BABA Calls Turn $16K Into $41K Profit

The poster bought $16K of $BABA $100-strike calls expiring August 21st on June 30th when the stock was at $96. They sold half the position on a July 10th bounce to $112 and the remainder on a morning bounce to $120, turning the original $16K into roughly $41K.

Why it matters: The poster is now eyeing $ORCL for their next trade, pending some good news catalyst.