Alibaba (BABA) Spins-Off Cloud Intelligence Group & How To Trade

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Alibaba's (BABA) earnings were released, May 18th and its adjusted EPS came in at $1.56 versus an estimated $1.30 and revenue came in at $30.32B versus an estimated $30.35B. Geroge Tsilis discusses this as BABA approves a full spin-off of Cloud Intelligence Group. He then demonstrates an example trade using BABA. The trade type is an iron condor and the direction is neutral. Tune in to find out more about the stock market today.

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