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Alibaba put buyer realizes 15% same-day gains

Notable profits for the buyer who lifted the $3.25 offer for 2,185 Alibaba (BABA) Apr-24 75 puts yesterday at 10:18ET when underlying shares were trading at $74.44. Shares closed at $73.40, and the puts at $3.73 for a mark-to-market profit of 15%, or $106K, on the $710K outlay.

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