Scott Bauer's Bullish Alibaba Options Trade

Scott Bauer, the CEO of Prosper Trading, said on Bloomberg Markets that he likes Alibaba Group Holding Ltd BABA.

To make a bullish bet, he wants to buy the October 175/180 call spread for $1.25. The trade breaks even at $176.25 or around 7.3 percent above the current stock price. It can make a maximal profit of $3.75.