thetaOwl
HomeOptionsBABAReports

BABA

Alibaba Group Holding LimitedClose $122.25EOD only
Max Pain
$110.00
Next expiry Aug 7, 2026
Expected Move
±$5.61
4.6% from close
Price Gap
-12.25
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.73
Slightly call-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: Jul 31, 2026 close
End-of-day snapshot

This page reflects BABA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jul 31, 2026 close
BABA Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from June 17, 2026. A newer theta report is available for June 18, 2026.

View latest report

Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Put credit spread
Invalidation: Break below $104 support
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 10.5% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV/VIX ~3.3, elevated
Favorable?
Yes

Term structure: Front-end IV skewed by expiry, negative skew

⚠️Call OI wall $130-$160; put volume 3x calls

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-42.6M)

OI concentrations: Calls $130-$160; no puts near spot; max pain $120 (06/18)

Verdict: Below max pain, support near $104; moderate pin risk

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $105.00/$100.00 put spread
Sell put spread at key support to collect elevated premium.
Credit: $1.53-$1.87
Max loss: $3.13
BE: $103.13
Mgmt: Manage at 50% profit or on break below $104.
#2
Iron condor
Sell 2026-07-17 $105.00/$100.00 put wing and $115.00/$120.00 call wing
Sell OTM put and call spreads to profit from contraction.
Credit: $2.37-$2.90
Max loss: $2.10
BE: 102.10 / 117.90
Mgmt: Adjust if spot approaches wings.

Risk Alerts

!Spot below MP and max pain, bearish flow
!GEX -$42.6M, dealer short gamma
!High vol vs VIX; 1-day expiry with extreme call IV
How to Use These Reports
This theta reflects the market close on June 17, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.