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Alibaba call buyer realizes 49% same-day gains

Notable profits for the buyer who lifted the $3.20 offer for 3,000 Alibaba (BABA) 1/26 weekly 65 calls yesterday at 12:12ET when underlying shares were trading at $67.66. Shares closed at $69.42, and the calls at $4.77 for a mark-to-market profit of 49%, or $471K, on the $960K outlay.

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