Benzinga

Alibaba Stock Drops 11% After Earnings Miss: An Option Analysis

Alibaba Group Holdings (NYSE: BABA) released earnings before the market open Thursday, missing across the board on EPS (-88%) and revenue (-1.6%). Traders did not take too kindly to the earnings release, as the stock lost over 11% in the session. This is on heavy volume, with over 53 million shares traded today vs. the 10-day average of 18 million shares. SEE ALSO: Why Alibaba Shares Are Falling Today On top of the heavy trading today, option traders have been very active in the stock, trading o