The options market believes Alibaba (BABA) shares are poised to extend gains after the giant's first-quarter earnings, which are scheduled to be released on Aug. 20. That's significant given BABA is expected to report $1.77 in earnings per share (EPS), which would represent a 6.35% decline versus the same quarter last year.
Still, Alibaba stock is inching higher heading into the earnings event, currently up more than 35% versus its recent low.
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Still, Alibaba stock is inching higher heading into the earnings event, currently up more than 35% versus its recent low.
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6 hours ago
