Saba Capital

10/18/2017

SabaCapital Trade Plan

SPY

No change from latest update (10/13/2017)

  • BABA managed to hold over the 177 level and should start a new upward movement, I would be looking to add to my position off the 177.1-178.1

Notable Options Activity*:

 

 

 

 XNET 

 

Xunlei stock broke out from a range on high volume and if the 4.7 start acting as support the stock could head to the 6.75 level.

Entry: 4.8-4.7
Stop loss: 4.5
target 6.57

Notable Options Activity*:

  • KALV and ZYNE hit our entries on the dip in the market yesterday however I didn’t get fill as I canceled my GTC orders on the morning. The plays are still valid and I’ll be looking to start a position today.